What part does planning play?
Land tends to be offered for certain in one of three ways.
1. With planning consent.
2. Without planning consent.
3. Subject to planning consent.
How it works
How it works
When a piece of land is sold subject to planning, the interested buyer will agree to buy the site and exchange contracts as long as they are able to secure the planning consent they need to develop on the land. (This agreement will be covered by what is known as either an option or conditional contract). So it becomes the buyer’s responsibility to submit the planning application at their own cost and when/or crucially if the planning consent is granted the sale will be completed. And while selling a site in this manner has risks and can be protracted a lengthy process It is by no means insurmountable.
It is not uncommon to be baffled by the terminology and processes involved so please do get in touch if you have any questions at all. I have knowledge of the land and property development industry and the parties involved enables us to offer unrivalled advice and insight.
