Landowner Joint Ventures in Lurgan
If you own land in Lurgan and want more than a land price, a joint venture lets you stay involved in what gets built. The structure might be a contract, a joint venture company or a partnership. Each has different implications for control, risk, tax and funding, so independent legal and tax advice is essential before you commit.
Lurgan · BT66Free site appraisal
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- Free site appraisalNo cost, no obligation
- Legal fees coveredReasonable fees, on options and promotion
- Nothing to pay upfrontOn promotion: we fund planning
- Direct purchaseSuitable sites, with or without planning
- UK-wideEngland, Wales, Scotland and NI
Land and sites near Lurgan
About 5 miles north-east of Portadown, Lurgan is part of our County Armagh coverage, centred on postcode district BT66. If your land sits between towns, Portadown, Banbridge and Lisburn are the closest neighbouring places on our list.
In and around Lurgan, the land we appraise ranges from redundant agricultural buildings to brownfield land in and around Lurgan, including corner plots and side gardens. Because Lurgan is in Northern Ireland, land titles are registered with Land & Property Services (Land Registry and Registry of Deeds) and transfers attract Stamp Duty Land Tax (SDLT).
A postcode and a rough boundary are enough for us to start a free appraisal of land near Lurgan.
What you get in Lurgan
Land value agreed first
Your land is valued at the outset so everyone knows what it contributes. That figure often sets an entitlement paid to you before any profit is shared, which is a key protection in most structures.
Decisions and deadlock
The agreement should say who decides on design, pricing, contractors and programme, which matters need both parties' consent, and how any disagreement is resolved without stalling the project.
Sale or rent agreed together
Homes can be built for sale, for rent, or as affordable housing with a council or housing association. The mix affects risk and when money comes back, so it is agreed before work starts.
Advice before commitment
Joint ventures carry real commercial risk. We always recommend independent legal, tax and valuation advice, and we will say plainly if a straight sale or an option looks like a better fit for you.
Planning and land rules in Lurgan
In Northern Ireland, planning applications for new homes around Lurgan are decided by the local district council, one of 11, while the Department for Infrastructure decides regionally significant schemes. Councils apply the Strategic Planning Policy Statement and their Local Development Plan, together with retained planning policy statements until their Plan Strategy is adopted. Land to Homes offers a free site appraisal and can buy suitable land directly or promote it through planning.
In Northern Ireland, joint ventures use similar structures, but planning is handled by the district council under the SPPS and its local development plan. Section 76 agreements can secure affordable housing, often delivered by housing associations through the social housing programme the Housing Executive manages. Stamp Duty Land Tax applies, and titles are registered with Land & Property Services.
| Local planning document | Local Development Plan (LDP), made up of a Plan Strategy and a Local Policies Plan |
|---|---|
| Who decides applications | The 11 district councils, with the Department for Infrastructure deciding regionally significant applications |
| Land transaction tax (paid by the buyer) | Stamp Duty Land Tax (SDLT) |
| Land registration | Land & Property Services (Land Registry and Registry of Deeds) |
Landowner Joint Ventures in Lurgan: questions
Do I have to put money into a joint venture?
Not always. In many landowner joint ventures the land is the landowner's whole contribution, while the developer arranges the rest of the funding. Some structures ask both parties to contribute cash. The agreement should state clearly whether any further contribution could ever be required from you, and in what circumstances.
How is the land valued in a joint venture?
Usually by agreement or independent valuation at the start, based on its value with or without planning. That figure may give you a first call on proceeds before any profit is shared. The method matters a great deal, so agree it in writing and consider taking advice from your own surveyor.
Will a lender take a charge over my land in a joint venture?
Often, yes. Development lenders normally require security, and the land is the main asset. If your land is charged and the project fails, the lender may be able to sell it. Some structures delay transferring or charging the land, so take legal advice on how your interest is protected.
Is a joint venture riskier than selling my land?
Usually, yes. A sale gives you a known figure. In a joint venture, what you receive depends on build costs, sales values, funding and timing, all of which can change. If the market falls or costs rise, your share could be less than a straight sale would have achieved, which is why advice before committing matters.
Do you work with landowners in Lurgan?
We do. We work with landowners in Lurgan and elsewhere in County Armagh, including Armagh and Portadown. Send us a postcode and we will start with a free, no-obligation appraisal of what the land could take.
Read more: Landowner Joint Ventures · Guide: Option agreement or promotion agreement: what is the difference?