Will I actually own the land?
Yes, you will become the freehold landowner and the title will be registered at HM Land Registry once your transaction is completed.
Can I sell my plot?
Yes, you have the freehold title to the land and you can sell to anyone once you have completed on the purchase of the plot.
Do I need a lawyer to purchase the plot?
No. You are of course welcome to use one if required. It is important that if you elect to use a lawyer you use one who is familiar with UK land transactions. However we offer an excellent free service and will prepare and submit all the documentation for you.
If there is anything in the documentation that is not clear, you are welcome to call our in-house legal team who will be happy to assist you. If you are still not sure on any points then we recommend that you consult an independent lawyer who has experience in UK land transactions.
How long does it take for the land to be allocated?
On average we expect it to take approximately 5 years. However this is dependent on the particular site.
What is allocation (rezoning)?
These are simply terms used to describe what happens when a Local Authority decides to change the use of a particular area of land. From our point of view we are looking to sponsor a site to be allocated for residential use.
Due to urban expansion, Local Authorities have to designate land, typically on the edge of existing settlement areas, for allocation from their current usage to residential allocation. All towns and cities grow outwards as their populations expand, so Local Authorities have to look at areas of land, typically on the edge of existing settlement areas, allocated from their current usage to form part of the town or city. This means that the land becomes designated for residential development.
Once a site is allocated a developer can submit a plan for residential development and agree a on particular design and layout with the Local Planning Authorities.
Can I apply for my own plot to be allocated?
You can, but you are unlikely to succeed an extensive technical data is required in order to allocate the land. Our Land and Planning team is made up of some of the UK's foremost experts in the promotion of land for allocation. They know what it takes and have a thorough understanding of both national and local laws, requirements and procedures. Also, promoting a site for allocation can be a very expensive process and one which would be difficult to undertake on your own.
Can I use my own builders, or build myself?
If the site is allocated you may be able to negotiate with a developer to build a house within the overall scheme design in an agreed location. A developer may be happy to do this as it would guarantee a sale and avoid them having to buy your land. Obtaining planning consent for a single dwelling on the site is very unlikely and we do not recommend you enter an investment such as this if that is your ambition.
What makes you different from other companies?
Unlike many other companies we retain some of the site for our own benefit.
I have some friends who are also interested in buying land from Herald Land REB LLC would I benefit from their involvement?
Yes. Many of our investors come to us by way of recommendation. For every new client that you recommend who purchases a plot from us, we will pay a referral fee to you.
Do I have to pay Capital Gains Tax (CGT) in the UK?
If you are non-resident in the UK then you are exempt from paying UK CGT.
Can I sell my plots back to Herald Land REB LLC before allocation?
It is important to note that this is a medium-term investment. We have a resale facility where we will market your plot at the ruling market rate. We charge an administration fee and the seller will also be liable for applicable land transfer costs.
Can you invest as a syndicate or partnership?Yes. Also for small syndicates or partnerships up to four people can place their names directly on the title deeds. The land can also be put in a child's name with an appointed adult as the trustee until they are 18 years old.
I have another question not listed here?
Should you have any other questions which have not been answered here, please contact our sales consultant who will be happy to answer any queries you may have.
Herald Land is solely for International clients. The products of Herald Land are not to be marketed to persons in the UK or the USA and as such does not fall under the jurisdiction of the FSA, or the SEC.