Landowner Joint Ventures in Hereford
If you own land in Hereford 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.
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Land and sites near Hereford
Hereford (HR1) is the hub of our Herefordshire coverage, with 3 further towns covered. The nearest other places we cover are Ross-on-Wye (11 miles), Leominster (12 miles) and Ledbury (12 miles). Within England, Hereford falls in the West Midlands region. Hereford is about 48 miles from our Great Barr head office in Birmingham.
Sites worth a conversation around Hereford: former garage blocks and yards, fields put forward or allocated in the local plan and farmland next to the settlement boundary. Because Hereford is in England, land titles are registered with HM Land Registry and transfers attract Stamp Duty Land Tax (SDLT).
Send us a postcode in or near HR1 and we will start with a free desktop appraisal.
What you get in Hereford
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.
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.
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.
Rules that apply in Hereford
Selling development land in Hereford usually starts with heads of terms, a short written summary of price, conditions and fees, before solicitors draft the contract. In England the sale becomes binding on exchange of contracts and finishes on completion, with the title then registered at HM Land Registry. The buyer normally pays Stamp Duty Land Tax. On option and promotion agreements with Land to Homes, your reasonable legal fees are covered, with the amount agreed in the heads of terms.
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.
| Local planning document | Local Plan |
|---|---|
| In-principle consent | Outline planning permission, with reserved matters approved later |
| Land transaction tax (paid by the buyer) | Stamp Duty Land Tax (SDLT) |
| Developer contributions | Section 106 planning obligations, plus the Community Infrastructure Levy (CIL) where the council charges it |
Questions about Landowner Joint Ventures in Hereford
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 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.
Is Hereford an area you cover for land?
Yes, we cover land in Hereford and elsewhere in Herefordshire, including Ross-on-Wye, Leominster and Ledbury. Where a site suits us we can buy it directly, or set up an option or promotion agreement. On promotion there is nothing to pay upfront.
Read more: Landowner Joint Ventures · Guide: Landowner joint ventures explained: sharing in the development