The basic process of buying land

In this article, we discussed the basic process of buying land. From choosing the right plot to finalising your purchase.

Be very clear about what you want the land for, whether for residential, commercial, or agricultural use. Evaluate the location, accessibility, and potential for development.

Check for flood risks, soil quality, pollution, and existing structures, using a professional surveyor. Assess legal aspects such as boundaries, access rights, and any potential restrictions.

Obtaining planning permission is crucial for development if this is your chosen route. Engage with the local planning authority early, ideally through a pre-application meeting, to understand the feasibility of your project. Some plots come with full planning or it could be just outline planning permission, which requires further detailed approval, and some come with conditions attached.

Hire a qualified land surveyor to conduct a topographical survey. This survey maps the land’s physical features and boundaries, providing essential data for planning and development.

Securing finance for land purchases involves land mortgages, which differ from traditional property mortgages. Land mortgages require higher deposits, typically around 30% or more, depending on the land’s intended use. Options include agricultural, commercial, self-build, and woodland mortgages.

Once you identify suitable land, make a formal offer to the seller. Research the land’s market value and be prepared to negotiate!

Completing the purchase involves signing a land purchase agreement and paying the agreed amount. Use a solicitor, and be aware of Stamp Duty Land Tax (SDLT) obligations, which vary depending on the land’s value and location.

The Beresfords Group provides a full range of services to support you throughout your land-buying journey — from the initial purchase through to surveying and ongoing financial advice. If your goal is to develop the land, our dedicated team can also assist with the sale of brand-new homes.

With over 56 years of expertise, you can feel confident you’ll be guided by experienced professionals every step of the way. Contact us today to find out more.