Land Promotion Agreements in Portadown
Promotion agreements are often used for larger sites in Portadown that need a plan allocation or a major planning application. The agreement sets a term, a minimum price, the promoter's fee and how costs are recovered. Land to Homes explains each term in plain English and pays your reasonable legal fees, agreed up front in the heads of terms.
Portadown · BT62Free 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 and sites near Portadown
Our County Armagh coverage is centred on Portadown, postcode district BT62, and reaches 2 other places. The nearest other places we cover are Lurgan (5 miles), Banbridge (9 miles) and Armagh (10 miles).
Typical sites we review near Portadown include infill gaps along existing streets, corner plots and side gardens and land behind street frontages. Because Portadown is in Northern Ireland, land titles are registered with Land & Property Services (Land Registry and Registry of Deeds) and transfers attract Stamp Duty Land Tax (SDLT).
Send us a postcode in or near BT62 and we will start with a free desktop appraisal.
Why work with Land to Homes in Portadown
Clear fee and cost rules
The heads of terms state the fee, which costs can be recovered and whether any cap applies, so you can see what will come out of the proceeds before you sign.
Interests aligned on price
The promoter's fee is linked to the sale price, so we only do well if you do. That is the main difference from an option, where the buyer benefits from a lower valuation.
Minimum price agreed early
The agreement sets a floor below which you cannot be required to sell. Some agreements allow it to be reviewed by an independent surveyor if the market moves during the term.
Planning work funded by us
Nothing to pay upfront: on promotion we fund the planning work. Those costs are recovered from the sale proceeds only if the land sells with planning, and the heads of terms set out exactly how that works.
Rules that apply in Portadown
In Northern Ireland, planning applications for new homes around Portadown are decided by the local district council, one of 11, while the Department for Infrastructure decides regionally significant schemes. Councils apply the Strategic Planning Policy Statement and their Local Development Plan, together with retained planning policy statements until their Plan Strategy is adopted. Land to Homes offers a free site appraisal and can buy suitable land directly or promote it through planning.
In Northern Ireland, larger sites generally need zoning for housing in the council's local policies plan, which follows its adopted plan strategy. Regionally significant proposals are decided by the Department for Infrastructure. Promotion work should allow for Section 76 obligations, DfI Roads requirements and wastewater capacity, which can be a constraint in parts of Northern Ireland.
| Local planning document | Local Development Plan (LDP), made up of a Plan Strategy and a Local Policies Plan |
|---|---|
| Who decides applications | The 11 district councils, with the Department for Infrastructure deciding regionally significant applications |
| Land registration | Land & Property Services (Land Registry and Registry of Deeds) |
| How a sale becomes binding | A land sale becomes legally binding when contracts signed by both parties are exchanged and finishes on completion, with the title registered in the Land Registry at Land & Property Services. |
Common questions in Portadown
Who pays if the planning application fails?
On a Land to Homes promotion agreement there is nothing to pay upfront. We fund the planning work, and our costs are recovered from the sale proceeds only if the land sells with planning. How costs are treated in every scenario is written into the heads of terms before you sign anything.
Is a promotion agreement better than an option?
Neither is better in every case. Promotion often suits larger sites where open-market competition is likely to drive the price and the landowner wants transparency. An option can suit smaller or more complex sites where one committed buyer matters more. Our guide to option and promotion agreements compares the two.
What is a minimum price in a promotion agreement?
It is the lowest figure at which the landowner can be required to sell once planning is granted. It protects you from a sale in a weak market. Set it too high and the land may not sell; set it too low and it gives little protection. Some agreements allow review by an independent surveyor.
Can I end a promotion agreement early?
Usually only in limited circumstances set out in the agreement, such as the promoter failing to meet its obligations or the term expiring. Because the promoter is investing in planning, early termination by the landowner is normally restricted. Check the termination clauses with your solicitor before you sign.
Do you work with landowners in Portadown?
We do. We work with landowners in Portadown and elsewhere in County Armagh, including Lurgan and Armagh. Send us a postcode and we will start with a free, no-obligation appraisal of what the land could take.
Read more: Land Promotion Agreements · Guide: Option agreement or promotion agreement: what is the difference?