We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Can you build on leasehold land?
Robertspaw
Posts: 2 Newbie
I'm looking to buy some land and get planning permission to develop it and either develop it myself or sell it on.
I've found a potential site but it is leasehold, but still has 970 years left on it. I will try to purchase the freehold, but in the event that I can't am I still able to develop it? I know I will have to check the title deeds but can anyone tell me whether, assuming no restrictive covenants etc, I can develop a leasehold site and if so, is this likely to really put off potential purchasers of any properties I do build/anyone buying the land once I secure planning?
Thanks
Pete
I've found a potential site but it is leasehold, but still has 970 years left on it. I will try to purchase the freehold, but in the event that I can't am I still able to develop it? I know I will have to check the title deeds but can anyone tell me whether, assuming no restrictive covenants etc, I can develop a leasehold site and if so, is this likely to really put off potential purchasers of any properties I do build/anyone buying the land once I secure planning?
Thanks
Pete
0
Comments
-
Just make a quiet promise to yourself to return the land to its original state in 2981. [Not legal advice]Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
DVardysShadow wrote: »Just make a quiet promise to yourself to return the land to its original state in 2981. [Not legal advice]
:beer:
You'll need permission from the freeholder.0 -
Over and over again when issues related to leases come up the first piece of advice is:
READ THE LEASE. (Obtainable from Land Registry for £24)
Most likely with a lease that is presumably only 29 years old (999-970=29) there will be lots of conditions about what can be built on the land.
Occasionally with older lease of land there are no such conditions. There are stretches of eastern Southampton with 1000 year leases of largish areas from the 1860s that go on about paying 6d for every 100o bricks burnt on the land but nothing at all preventing building!RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Thanks for your replies.
I bought the title deed from the Land Registry website, but it doesn't say much, just that there is a copy deed filed - which I guess means I have to pay for the full thing and get it via post.
Just out of interest - If I were to be able to buy the leasehold is there any mechanism by which I can force the freeholder to sell to me?
Thanks
Pete0 -
If I were to be able to buy the leasehold is there any mechanism by which I can force the freeholder to sell to me?
You will have to pay the £24 to get the lease - that's what I said. You can't force a freeholder to sell you the freehold of land which does not have a house or a block of flats on it.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.8K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.8K Work, Benefits & Business
- 619.5K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards