From: Catman on
OK, so if I wanted to do something *really* stupid, what are the odds of

1) Getting a mortgage to buy 2 acres of arable land [1]
2) Getting planning permission to build on said land.[2]

[1] I could probably do about 60% LTV
[2] Arable it may be, but it's bang in the middle of a village.

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From: A.Lee on
Catman <catman(a)rustcuore-sportivo.co.uk> wrote:

> OK, so if I wanted to do something *really* stupid, what are the odds of
>
> 1) Getting a mortgage to buy 2 acres of arable land [1]

Pretty good, so long as your credit rating/assets are good.

> 2) Getting planning permission to build on said land.[2]
> [2] Arable it may be, but it's bang in the middle of a village.

Pretty low. If the chances are good for PP, then a Property
Developer/Builder will already have it earmarked for buying.
It all depends on what policy your local Council has. If they are
against all new development, then you have little hope, if however they
are actively looking for new housing sites, then they may look at it
positively. Ring the Council Officer who deals with PP, and ask his
opinion on if it is worthwhile pursuing.
Alan.

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From: Catman on
A.Lee wrote:
> Catman <catman(a)rustcuore-sportivo.co.uk> wrote:
>
>> OK, so if I wanted to do something *really* stupid, what are the odds of
>>
>> 1) Getting a mortgage to buy 2 acres of arable land [1]
>
> Pretty good, so long as your credit rating/assets are good.
>
>> 2) Getting planning permission to build on said land.[2]
>> [2] Arable it may be, but it's bang in the middle of a village.
>
> Pretty low. If the chances are good for PP, then a Property
> Developer/Builder will already have it earmarked for buying.
> It all depends on what policy your local Council has. If they are
> against all new development, then you have little hope, if however they
> are actively looking for new housing sites, then they may look at it
> positively. Ring the Council Officer who deals with PP, and ask his
> opinion on if it is worthwhile pursuing.
>

Good idea, thanks.


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From: Catman on
Krusty wrote:
> Catman wrote:
>
>> OK, so if I wanted to do something really stupid, what are the odds of
>>
>> 1) Getting a mortgage to buy 2 acres of arable land [1]
>
> Zilch iwht. How much is it anyway? Around 5k/acre is the average so a
> personal loan paid off asap would be a better bet.

Interesting. Where do you get that figure from, cos this is up for 75k
an acre. At 5k an acre, I'd write them a cheque.
>
>> 2) Getting planning permission to build on said land.[2]
>
> Impossible to say, depends entirely on the council's policy for such
> things & how many objections there are.
>


Ta.


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From: malc on
Catman wrote:
> Krusty wrote:
>> Catman wrote:
>>
>>> OK, so if I wanted to do something really stupid, what are the odds
>>> of 1) Getting a mortgage to buy 2 acres of arable land [1]
>>
>> Zilch iwht. How much is it anyway? Around 5k/acre is the average so a
>> personal loan paid off asap would be a better bet.
>
> Interesting. Where do you get that figure from, cos this is up for 75k
> an acre. At 5k an acre, I'd write them a cheque.

How much? I would have expected between 10 and 20k an acre for arable land.

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