Landowner Joint Ventures in Paignton

Our coverage in Paignton

Paignton (TQ3) is one of the Devon towns we cover, about 26 miles east of Plymouth. Close by, our coverage also takes in Torquay, Newton Abbot and Exmouth. Within England, Paignton falls in the South West region.

Typical sites we review near Paignton include farmland next to the settlement boundary, redundant agricultural buildings and redundant commercial buildings. Planning in Paignton follows England’s rules: the National Planning Policy Framework sets national policy and the council’s Local Plan sets local policy.

A postcode and a rough boundary are enough for us to start a free appraisal of land near Paignton.

How we work in Paignton

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.

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.

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.

Choice of structure

A joint venture can be purely contractual, a joint venture company or a limited liability partnership. Each handles control, liability, tax and exit differently, and your own advisers should help you choose.

How the rules work in Paignton

If your land near Paignton lies in the Green Belt, national policy still protects it, but England's planning framework now recognises grey belt: Green Belt land that is previously developed or does not strongly contribute to certain Green Belt purposes. Where there is evidenced unmet need and the location is sustainable, grey belt housing can be acceptable, with major schemes meeting the Golden Rules on affordable housing, infrastructure and green space. Planning is never guaranteed, so we check policy, access and constraints first.

In England, a joint venture scheme still has to meet the Local Plan, the NPPF and, where it applies, biodiversity net gain. Affordable housing is usually secured through a Section 106 agreement, which affects cash flow. If land is transferred into a joint venture company, Stamp Duty Land Tax can arise, and the transfer is registered at HM Land Registry.

Key rules in Paignton
Local planning document	Local Plan
Who decides applications	The local planning authority, usually the district, borough, city or unitary council (or a national park authority)
Land registration	HM Land Registry
How a sale becomes binding	A land sale becomes legally binding on exchange of contracts and finishes on completion, after which the buyer registers the title with HM Land Registry.

Common questions in Paignton

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.

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.

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.

How is a property joint venture taxed?

It depends on the structure and your circumstances. Taking part in development can change how your proceeds are taxed, for example as income rather than a capital gain, and moving land into a company can trigger stamp duty or its equivalent in your nation. Speak to an accountant before agreeing any structure.

Do you buy land in Paignton?

Yes. Land to Homes looks at land in Paignton and elsewhere in Devon, including Barnstaple, Newton Abbot and Plymouth. Every enquiry starts with a free site appraisal, and on option and promotion agreements we pay your reasonable legal fees.