International Developer Information Pack (IDIP)
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An IDIP can help protect those buying and selling off plan property by providing independent due diligence reports .
Welcome to the International Developer Information Packs aimed at buyers of overseas off plan property . IDIP can also benefit agents and property developers raising the standard in the overseas property industry. IDIP has real teeth and will confirm to you from a legal perspective that the development you are considering buying is safe.
Real Estate Professional join IDIP Federation
Be more confident when buying off plan property
IDIP a new safe guard which allows you to see financial reports,
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legal documentation & ownership details of the developer and development before you make that decision to invest.We are proud to be licensed by IDIP to offer this product to our customers and believe that this is a huge step towards regulating the overseas property market.
IDIP (International Developer Information Pack) has been designed to protect you, the investor, against false information being provided by any particular developer or about a development.
IDIP has a responsibility to make sure your investment really does turn out to be a dream property investment. Saving all the heartache and costs involved in trying to retrieve what is sometimes a very messy, costly and sole destroying scenario.
Buying off plan property with more security
IDIP has been set up as a safe guard for you the buyer and now allows you to see what the state of the developer and development is before you make that decision to go ahead, saving all the heartache and costs involved in trying to retrieve what is sometimes a very messy, costly and sole destroying scenario.
How an IDIP will benefit you.
For the first time ever you will have the ability to make a truly informed decision before you invest in an off plan property . An IDIP will give you a full independent report carried out by a top law firm that will check your developers credentials, references, .
Buying without due diligence is risky
Buyers who go down the route of buying an investment / holiday home without doing due diligence are risking there money. Thousands of people don't know the answers to basic questions such as
Who is the the developer
Details about the entire development
What planning permission has been obtained
Information about title deeds
Who owns the land
Is the and mortgaged and if so to whom
Who are the directors/shareholders of the company
What is their status?
Note:
Agents may not always be the best people to rely upon for information they may be acting in good faith and have a vested interest in you buying the property.
Top Lawyers will investigate your property developers
This product is managed by Live Organisation an appointed representative of First Title Insurance plc which is authorised and regulated by the Financial Services Authority. First Title Group is a wholly owned subsidiary of The First American Corporation, they not only have the backing of the world's largest provider of business information, but over 115 years experience in property matters.
The lawyers conducting your IDIP are carefully vetted to ensure they have:
- Knowledge of the local market
- Extensive conveyancing experience
- Excellent client references
- Competitive rates
- A personal approach backed up with high customer service standards
- A UK presence
- Online tracking service technology
How it works
A network of specialist lawyers around the world will take the worry out of buying a property overseas. Starting with the IDIP report . The key benefit is that these lawyers are local and independent which is important in countries where the culture, language and legal processes become barriers.
IDIP Reports pricing
| Bronze : £625 + Disbursements |
The lawyers will request information from the developer and put together a basic company report via a company search. The lawyers will not chase any missing documents, and will also not verify any inconsistencies between the information provided by the developer and that found on the company search. The lawyers will not pass judgment on any of the documentation provided, nor will they give an opinion on the developer
Web site check against company.
• Company search
Click to view an example BRONZE REPORT
| Silver : £800 + Disbursements |
A company search will be carried out, the lawyers will request information from the developer, these to include references, they will look into any inconsistencies between the information provided and the information on the company search and will request missing documentation The lawyers will not pass judgment on any of the documentation provided nor will they give an opinion on the developer.
• Request references
• Request missing documents
Click here to view an example SILVER REPORT
| Gold : £1100 + Disbursements |
A full company search will be carried out, going into Directors, share holders, state of the company etc. the lawyers will request information from the developer, these to include references and follow these up , they will look into any inconsistencies between the information provided and the information on the company search and will request missing documentation The lawyers will give a full report on their findings but will not pass judgment on any of the documentation provided nor will they give their opinion on the developer.
Click here to view an example GOLD REPORT
Disbursements
Please click here to view disbursement costs
Comment on documents
Please note that you will be required to pay in advance of any work being carried out on your behalf. Once your application has been received. A representative from Live overseas will contact you direct re payment via credit card.
Apply here
Agents Reports on Developers
A solution to help protect agents against unscrupulous property developers
| Agents : £1500 + Disbursements |
A full company search will be carried out, going into Directors, share holders, state of the company etc. the lawyers will request information from the developer, these to include references and follow these up , they will look into any inconsistencies between the information provided and the information on the company search and will request missing documentation The lawyers will give a full report on their findings but will not pass judgment on any of the documentation provided and will not give their opinion on the developer.
Click here to view an example AGENT REPORT
Property Developers
If you want to stand out from the crowd and launch your development with transparent due diligence you should consider a Developers IDIP
| Agents : £2500 + Disbursements |