Landowner Joint Ventures in Newtown
Joint ventures in Newtown suit landowners who can wait for their money and are comfortable with uncertainty. Your land becomes part of a development, with Land to Homes, part of the S&K Group, running planning and construction. How costs, profit, decisions and any lender's security over the land are handled is all set out in the agreement.
Newtown · SY16Free 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
Selling land around Newtown
Our Powys coverage is centred on Newtown, postcode district SY16, and reaches 3 other places. Close by, our coverage also takes in Welshpool, Llandrindod Wells and Aberystwyth. From our Birmingham head office in Great Barr, Newtown is about 58 miles away.
Sites worth a conversation around Newtown: small holdings and pony paddocks, infill gaps along existing streets and large and long rear gardens. Because Newtown is in Wales, land titles are registered with HM Land Registry and transfers attract Land Transaction Tax (LTT).
Send us a postcode in or near SY16 and we will start with a free desktop appraisal.
How we work in Newtown
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.
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.
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.
Rules that apply in Newtown
In Wales, planning applications for new homes in Newtown are decided by the local planning authority, usually the county or county borough council, using its Local Development Plan, Planning Policy Wales and Future Wales: the National Plan 2040. Landowners can sell outright or through an option or promotion agreement in which the planning work is funded for them and recovered only from a sale with planning. Land to Homes offers a free site appraisal and covers your reasonable legal fees on option and promotion agreements.
In Wales, a joint venture scheme must work within the Local Development Plan and Planning Policy Wales, and most schemes need SuDS approving body approval before construction. Affordable homes delivered with housing associations may need to meet Welsh Government design standards. Moving land into a company can attract Land Transaction Tax, collected by the Welsh Revenue Authority.
| National planning policy | Planning Policy Wales (Edition 12) and Future Wales: the National Plan 2040, supported by Technical Advice Notes |
|---|---|
| Who decides applications | The local planning authority, usually the county or county borough council (or a national park authority) |
| Land transaction tax (paid by the buyer) | Land Transaction Tax (LTT) |
| Land registration | HM Land Registry |
Common questions in Newtown
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.
What happens if the joint venture does not get planning?
The agreement should say. Common approaches include ending the venture with each party bearing its own costs, or allowing a revised application within a set period. Make sure you know whether any planning costs could ever be charged to you, and in what circumstances, before you sign.
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.
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 Newtown?
We do. We work with landowners in Newtown and elsewhere in Powys, including Llandrindod Wells, Brecon and Welshpool. 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?