Landowner Joint Ventures in Trowbridge
A landowner joint venture in Trowbridge 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.
Trowbridge · BA14Free 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 Trowbridge
In Wiltshire, Trowbridge lies about 25 miles south-west of Swindon; its central postcode district is BA14. Nearby, we also cover Bath, Frome and Chippenham, all within 10 miles. Trowbridge is in the South West region of England.
Typical sites we review near Trowbridge include redundant commercial buildings, fields put forward or allocated in the local plan and paddocks on the edge of Trowbridge. In England, where Trowbridge sits, planning decisions are made by the local planning authority, usually the district, borough, city or unitary council (or a national park authority).
Tell us where your land is around Trowbridge and we will explain the routes open to you.
Why work with Land to Homes in Trowbridge
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.
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.
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 Trowbridge
Land with no planning permission can still be sold. Around Trowbridge, the usual routes in England are a direct sale, an option agreement or a promotion agreement, where the planning work is funded for you and the land is sold once consent is granted. Outline planning permission settles the principle, with reserved matters approved later. Section 106 obligations, the Community Infrastructure Levy where charged and biodiversity net gain all affect what a site is worth, so independent advice matters.
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 |
|---|---|
| Who decides applications | The local planning authority, usually the district, borough, city or unitary council (or a national park authority) |
| Land transaction tax (paid by the buyer) | Stamp Duty Land Tax (SDLT) |
| 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. |
Your questions answered for Trowbridge
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 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 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.
Do you buy land in Trowbridge?
Yes. Land to Homes looks at land in Trowbridge and elsewhere in Wiltshire, including Chippenham, Swindon and Salisbury. 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?