Buying A House Subject To Planning Permission Put yourself in the seller s position with no firm guarantee that your application will be granted or denied planning consent in a certain timescale if you offer subject to planning and insist they take the property off the market then if when your application is declined they ll have lost all that potential marketing time
Subject to planning permission can be misleading in some cases as the site might not be even zoned as residential and you would have to get this changed which might not happen and then go through the planning process which could be rejected which could draw out the entire thing by months or years You can buy a house anywhere you want An Option Agreement creates a period of time in which the Developer can opt to purchase the property but it is never under an obligation to do so At any point in that Option Period the option can be exercised and the property will be sold
Buying A House Subject To Planning Permission
Buying A House Subject To Planning Permission
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Does a planning permission transfer to the buyer upon sale Yes A planning permission attaches to the land and so if you own the land to which the planning permission relates you can implement the planning permission subject to compliance with conditions associated with the planning permission more below Buying real estate with subject to financing is a lesser known and creative strategy The mortgage remains in the seller s name and the buyer makes payments on behalf of the seller Everything
Cash To Loan Subject To Example Imagine Mrs Rodriguez wants to sell her house valued at 350 000 but she still owes 310 000 on her mortgage Mr Bennett an investor steps in and pays Mrs Rodriguez 40 000 in cash thereby covering the difference Mr Bennett then continues to make payments on the original 310 000 mortgage STPP stands for Subject to Planning Permission and you will normally see it written on documents which relate to developments or property purchases For example you may see a property on the market which is just land but contains images of what the house will look like and contains STPP in bold This means that the property
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What is an overage clause An overage clause is a provision within a contract of sale that places an obligation on the buyer or developer to pay the vendor an additional sum after a specific condition is met such as if planning permission is obtained This is sometimes called clawback Buying a house that could accommodate a rear extension or a loft conversion is often an alluring prospect both to add space and to increase equity But if this is the main reason for buying
Although you may not need planning permission you would have to send a notification of a proposed larger home extension to the planning authorities and consult with your neighbours The TA6 Property Information Form specifically asks the seller if any changes have been made to the property including building works e g extension loft or garage conversion removal of internal walls changes to doors and windows and the addition of a conservatory
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https://forums.moneysavingexpert.com/discussion/1895215/making-an-offer-subject-to-planning
Put yourself in the seller s position with no firm guarantee that your application will be granted or denied planning consent in a certain timescale if you offer subject to planning and insist they take the property off the market then if when your application is declined they ll have lost all that potential marketing time
https://www.reddit.com/r/ireland/comments/l0gpoi/what_does_subject_to_planning_permission_on_a/
Subject to planning permission can be misleading in some cases as the site might not be even zoned as residential and you would have to get this changed which might not happen and then go through the planning process which could be rejected which could draw out the entire thing by months or years You can buy a house anywhere you want
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Buying A House Subject To Planning Permission - Buying real estate with subject to financing is a lesser known and creative strategy The mortgage remains in the seller s name and the buyer makes payments on behalf of the seller Everything
