Landowner Joint Ventures in Burgess Hill
Joint ventures in Burgess Hill 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.
Burgess Hill · RH15Free 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 Burgess Hill
Burgess Hill (RH15) is one of the West Sussex towns we cover, about 11 miles south of Crawley. The nearest other places we cover are Haywards Heath (3 miles), Portslade (9 miles) and Hove (9 miles). Burgess Hill is in the South East region of England.
Sites worth a conversation around Burgess Hill: small holdings and pony paddocks, redundant commercial buildings and backland plots with a workable access. In England, where Burgess Hill sits, planning decisions are made by the local planning authority, usually the district, borough, city or unitary council (or a national park authority).
Send us a postcode in or near RH15 and we will start with a free desktop appraisal.
How we work in Burgess Hill
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.
Clear exit routes
The agreement should cover what happens on completion, if one party wants to leave, or if planning is refused. Clear exit terms protect both sides from being locked into a project that no longer works.
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.
How the rules work in Burgess Hill
Selling development land in Burgess Hill 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 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. |
Landowner Joint Ventures in Burgess Hill: questions
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.
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.
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.
Is Burgess Hill an area you cover for land?
Yes, we cover land in Burgess Hill and elsewhere in West Sussex, including Crawley, Chichester and Littlehampton. 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