Landowner Joint Ventures in Limavady
A landowner joint venture in Limavady is a deal where you contribute the land and Land to Homes brings planning, design, construction and project management. Instead of a one-off price, you share in the outcome once the homes are sold or let, under terms agreed in writing before work begins. It carries more risk than a straight sale.
Limavady · BT49Free 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 we look at around Limavady
Limavady sits about 15 miles east of Derry/Londonderry in County Londonderry, in the BT49 postcode district. The nearest other places we cover are Coleraine (13 miles), Derry/Londonderry (15 miles) and Magherafelt (24 miles).
Around Limavady we look at farmland next to the settlement boundary, infill gaps along existing streets and former garage blocks and yards. In Northern Ireland, where Limavady sits, planning decisions are made by the 11 district councils, with the Department for Infrastructure deciding regionally significant applications.
Send us a postcode in or near BT49 and we will start with a free desktop appraisal.
Our approach in Limavady
Funding and lender security
Development lenders usually want a first charge over the land. If your land is charged, you need to understand what happens if the project runs into difficulty and what protection the agreement gives you.
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.
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.
Construction within the group
As part of the S&K Group, a construction and property group, Land to Homes plans schemes around homes it can build, keeping design, cost control and delivery closely connected.
Planning and land rules in Limavady
Permission in Principle, an English route, does not apply in Northern Ireland. Instead, landowners near Limavady usually seek outline or full planning permission from the council. Developer contributions are agreed under Section 76 of the Planning Act (Northern Ireland) 2011, and there is no Community Infrastructure Levy. Land to Homes can take on that process through an option or promotion agreement, or buy a suitable site directly, subject to survey, title and contract.
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.
| National planning policy | Strategic Planning Policy Statement (SPPS, Edition 2), applied with retained Planning Policy Statements until each council adopts its Plan Strategy |
|---|---|
| Local planning document | Local Development Plan (LDP), made up of a Plan Strategy and a Local Policies Plan |
| Land transaction tax (paid by the buyer) | Stamp Duty Land Tax (SDLT) |
| Developer contributions | Section 76 planning agreements under the Planning Act (Northern Ireland) 2011 (there is no Community Infrastructure Levy) |
Questions about Landowner Joint Ventures in Limavady
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.
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.
Can a joint venture include affordable or rental homes?
Yes. A scheme can combine homes for sale, homes for rent and affordable or social homes delivered with a council or housing association. The mix changes the cash flow and when money is paid out, so it should be agreed between the parties before the planning application is submitted.
What is a landowner joint venture?
It is an arrangement where a landowner and a developer pool what they have to deliver a development. The landowner usually contributes the land, and the developer contributes expertise, management and access to funding. Instead of a fixed price at the start, the landowner shares in the outcome once homes are sold or let, under agreed terms.
Do you buy land in Limavady?
Yes. Land to Homes looks at land in Limavady and elsewhere in County Londonderry, including Coleraine, Derry/Londonderry and Magherafelt. Every enquiry starts with a free site appraisal, and on option and promotion agreements we pay your reasonable legal fees.
Read more: Landowner Joint Ventures · Guide: Option agreement or promotion agreement: what is the difference?