We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Questions re buying land

2»

Comments

  • tatty82
    tatty82 Posts: 10 Forumite
    Part of the Furniture First Post
    davidmcn said:
    tatty82 said:
    I think I maybe worded it incorrectly when I mentioned the potential extension; we have existing garden that runs along the boundary of the land we want to buy, so we’d be taking up our existing garden with the extension, not actually going on to the ‘new’ land. The new land will have the same purpose that it does now, which is recorded as ‘agricultural purposes or domestic garden’.
    Well, same principle applies. Lender will want to repossess the whole house and its garden, not just part of it.
    Thanks for explaining. Makes me wonder how the existing owners have it as 2 separate land registry entries, one with a mortgage and one without, I’m guessing it depends on the lender as to what they’ll allow?
  • Jenjb
    Jenjb Posts: 2 Newbie
    Fifth Anniversary First Post
    Hi, I wonder if anyone has any advice.  A buyer has come forward to buy 100ft of our garden.  We have 200ft.   He has already bought a number of gardens in our road, we are the last house in the row to be approached, he owns the access points.  This is fine, especially because I want to retire a year ahead of the gov. imposed extension to my working age!  We will need a solicitor I guess, we are mortgage free.
    A contract will be drawn up, and, as soon as outline planning is approved we will be paid.  Just checking, there any pitfalls or things we should look out for? Many thanks! 
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Jenjb said:
    Hi, I wonder if anyone has any advice.  A buyer has come forward to buy 100ft of our garden.  We have 200ft.   He has already bought a number of gardens in our road, we are the last house in the row to be approached, he owns the access points.  This is fine, especially because I want to retire a year ahead of the gov. imposed extension to my working age!  We will need a solicitor I guess, we are mortgage free.
    A contract will be drawn up, and, as soon as outline planning is approved we will be paid.  Just checking, there any pitfalls or things we should look out for? Many thanks! 
    It would be better if you started your own thread rather than confusing your query with the one you've tagged onto the end of.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.