Having a Right to Light Assessment IS on many funders’ ‘checklists’, as, they need to ensure that they are minimizing risk and exposure concerning development risks. The last thing a funder wishes is to be lending on a scheme to find the projected profits are going to be swallowed up by hefty right to light compensation claims, or costs associated with project delays whilst agreements with neighbours’ are gained. Likewise, the potential risk of an injunction, even post completion, will make any funder nervous.
Many developers come to us because their funder has asked for a Right of Light Report, and, often request that we help them get insurance policies put in place that the funders can seek the comfort of.
If you are looking to fund a development or acquisition, and are unsure about the Right to Light risk, please do contact us.