Build to rent vs build to sell planning

user1977

The planners can apply conditions if they’re fussy about the type of tenure, affordability, etc.

Doozergirl

Ybe said:

Doozergirl said:

Ybe said:

daveyjp said:

The permission is for residential units, no disctinction over rented or sale.  Some developers focus on rented, some sale, some a mix depending on the local market.

However local housing policies may dictate type, size and whether some units have to be for affordable sale or rent.

So basically I won’t know until it’s built and the developer puts it on the market whether it will be for sale or rent? 

In a word, yes. 

So developers can just say it will be for private sale in response to comments from local residents and also write in their viability assessment that it will be for sale with 50% sold off plan, and do something completely different and rent instead?  Sounds like a flaw in the planning system to me. 

If it's a dwelling, it's a dwelling.  Planning doesn't differentiate whether it is rented or sold.  They may have conditions on whether they are allocated as 'affordable' or not, but a home is a home for someone, regardless of tenure.  

I'm not sure why it's a flaw.  The planning system in this country is already hard enough to navigate with them dictating whether you must let or sell a property that you don't live in yourself.  

RAS

If they've sold 50% off plan it's been advertised somewhere, probably quite some time ago? Could be localish, could be overseas marketing?

martindow

What happens when you google the name of the development or its postcode?  They surely have a web presence if they are planning on selling 50% off plan.

Ybe

RAS said:

If they've sold 50% off plan it's been advertised somewhere, probably quite some time ago? Could be localish, could be overseas marketing?

They haven’t yet. They say they plan to in their viability report. 

Ybe

martindow said:

What happens when you google the name of the development or its postcode?  They surely have a web presence if they are planning on selling 50% off plan.

Nothing at all 

Ybe

In their planning application the builder has put “market for sale” under tenure. This is in the section of the planning application form which says residential units and information requested by the Mayor of London for spatial planning in Greater London under section 346 Greater London Authority Act 1999.

So does this mean the developer can still rent the units out if they choose to?  And the council or GLA can’t do anything about it? 

 Doozergirl said:

Ybe said:

Doozergirl said:

Ybe said:

daveyjp said:

The permission is for residential units, no disctinction over rented or sale.  Some developers focus on rented, some sale, some a mix depending on the local market.

However local housing
policies may dictate type, size and whether some units have to be for affordable sale or rent.

So basically I won’t know until it’s built and the developer puts it on the market whether it will be for sale or rent? 

In a word, yes. 

So developers can just say it will be for private sale in response to comments from local residents and also write in their viability assessment that it will be for sale with 50% sold off plan, and do something completely different and rent instead?  Sounds like a flaw in the planning system to me. 

If it's a dwelling, it's a dwelling.  Planning doesn't differentiate whether it is rented or sold.  They may have conditions on whether they are allocated as 'affordable' or not, but a home is a home for someone, regardless of tenure.  

I'm not sure why it's a flaw.  The planning system in this country is already hard enough to navigate with them dictating whether you must let or sell a property that you don't live in yourself.  

user1977

Any restrictions would need to be conditions, either in the planning consent or a related planning agreement. So have you read those?

Doozergirl

user1977 said:

Any restrictions would need to be conditions, either in the planning consent or a related planning agreement. So have you read those?

This. 

Do you want to buy one, is that it?  You could ask them! 

Ybe

Doozergirl said:

user1977 said:

Any restrictions would need to be conditions, either in the planning consent or a related planning agreement. So have you read those?

This. 

Do you want to buy one, is that it?  You could ask them! 

Yes but I can’t find a way to contact the developer.