United Land holdings

hudo1968

Has anyone heard of the above company? They specialise in buying land on behalf of investors, they have a website https://www.ulh-plc.com.

Any info gratefully recieved.


Steve

Deemy

They take your money and give you some land that they say they have planning consent for.

I have never heard of anyone who actually made a profit on one of these land deals

Theres a nice article in the guardian on this type of activity.

http://money.guardian.co.uk/investments/story/0,,1582208,00.html

So will it work? Half a dozen or so landbankers were offering their wares at the Investor Show, spread among stands pushing anything from Brazilian flats to Bulgarian holiday homes. And there were plenty of other landbankers who did not exhibit.

They work by buying a field that has no planning permission for anything more substantial than a tool shed and pay as little as £10,000 an acre.

Then they divide it into up to 200 small parcels, each big enough for a small house and garden. After that, they sell these to individual investors, typically costing up to £20,000 a piece.

Assuming an average 10 plots to an acre, the landbanker takes in around £200,000 - a near 20-fold gain.

hudo1968

Mmmmm. My friend has gone to work for them. She showed me her brief and they are very explicit in stating that they have NO planning permission nor do expect any for at least 10-15 years.

The sums that you give do make sense and explain there logic behind it, ie they recieve a large cash sum now that others are speculating on over a 10-15 year investment, not sure i'd get one myself and i'm also fairly positive if i thought i could get planning permission i'd want to share my wealth either. But if i wished to get some decent wedge in tha bank now its a nice little earner!

Thanks for that


Steve

Deemy

Its even worse that they now say no planning consent, the land they are sellign is basically worth 1 tenth of the sale price.

And their investment concept i.e.

The Investment Concept
Land has long been one of the best kept secrets in an investor’s portfolio. Demand has continued to outstrip supply, and investors are increasingly being drawn to this once overlooked investment opportunity. In its own right, land has for many years delivered a reasonable return with a steady growth. But the unique quality that can turn it from an ordinary investment into an exceptional one is the potential it has to be granted planning permission. This can allow it to out perform other forms of regular investment, such as stocks, shares and equities.

The concept is simple; by using leading land agents and developers, the company buys strategically-placed grade A land without planning permission, and promotes the land by working in conjunction with some of the country’s leading planning consultancies. Assuming planning is achieved the company then looks to sell the site to a developer at full market value, to give a financial return.

http://www.ulh-plc.com/about.htm

Has a major spanner in the works as the Deputy Primeminister has had a law passed which says that they CANNOT DO THE ABOVE ! I.e. pester LA's into giving planning consent.

hudo1968

Ooops. Thanks for your help, i'll let her know!!

hudo1968

DTI went in and closed them down!!!