Buying land

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Buying land
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Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Wed Sep 16, 15 10:14 pm Post subject:
Anything that has tax breaks and incentives on it is only ever available for a short time. If the advantages are good, it attracts people, and the government feels it's missing out. Not all btl landlords are bastards.

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Wed Sep 16, 15 10:20 pm Post subject:

Nick wrote:

Anything that has tax breaks and incentives on it is only ever available for a short time.

Forestry still has tax breaks I think. Has done for ages.

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Thu Sep 17, 15 3:22 am Post subject:

Nick wrote:

Not all btl landlords are bastards.

Seconded!

john of wessex

Joined: 18 Jun 2007
Posts: 2130

Posted: Thu Sep 17, 15 5:48 am Post subject:
Why not go onto a site like Abundance. There are projects looking for finance and you could either stump up enough to get some of them off the ground, and/or spread your investment over several projects?

Mistress Rose

Joined: 21 Jul 2011
Posts: 15967

Posted: Thu Sep 17, 15 7:13 am Post subject:
As far as financing, there are some companies that specialise in mortgages on land, but the alternative is to get a mortgage on your house. Some estate agents do cover land; I put it out to local ones when I was looking for the wood, but again there are specialist ones.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Thu Sep 17, 15 9:12 am Post subject:
Can't have the government missing out for too long, of course! Do you know of any examples, MR?

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Thu Sep 17, 15 9:32 am Post subject:
Santander lent me money to buy a field, with no other security, a massive overdraft and an appalling credit card history with them. It's the only mortgage I've ever had. I'd avoid them like the plague. They're clearly idiots.

vegplot

Joined: 19 Apr 2007
Posts: 21301
Location: Bethesda, Gwynedd

Posted: Thu Sep 17, 15 10:29 am Post subject:

Hairyloon wrote:

I cannot help thinking, although I am reluctant to mention, that there are projects on this board that are in need of investment...

in need of investment or worthy of investment?

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Thu Sep 17, 15 10:39 am Post subject:

vegplot wrote:

Hairyloon wrote:

I cannot help thinking, although I am reluctant to mention, that there are projects on this board that are in need of investment...

in need of investment or worthy of investment?

Certainly in need. I'd expect some are worthy, but I am in no place to judge.

But this does come up relatively often: that someone has some money to invest, and there is an absolute shed load of talent and ability on this board, so I think there is potential to put some kind of project together.

Not this time and probably not for any one large investment, but maybe we should have a think about it.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Thu Sep 17, 15 4:01 pm Post subject:

Nick wrote:

Santander lent me money to buy a field, with no other security, a massive overdraft and an appalling credit card history with them. It's the only mortgage I've ever had.

I'd avoid them like the plague. They're clearly idiots.

I know. My ex-marital home mortgage is with them as well! Didn't know they did land as well though.

I think there is a place for peer to peer lending and/or crowd funding. Not for this pot, as you say, but there will be others, I think. It's definitlely something I will consider for my pension investments.

Abundance looks interesting too. Again, not for this instance (I particularly want an income producing asset, here) but I may well put the pension funds into something like that.

Cathryn

Joined: 16 Jul 2005
Posts: 19856
Location: Ceredigion

Posted: Fri Sep 18, 15 7:33 pm Post subject:
There is a company who specialise but we have no experience of, called AMC https://www.amconline.co.uk/ If I was looking for a field I would ask the local auctioneers.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Fri Sep 18, 15 7:45 pm Post subject:
Thanks, Cathryn. I need to find the pub where the farmers drink. It might be a non starter, I don't think they are taking on new projects, because Cameron and co are pro fracking and nuclear, and anti solar. Bloody typical. I've been waiting for this money for nearly two years! Back to the drawing board!

henchard

Joined: 23 Aug 2012
Posts: 232
Location: Carmarthenshire

Posted: Fri Sep 18, 15 9:10 pm Post subject:

Just as an addendum farmers were getting �1000 an acre per year from solar companies to lease their land.

As somone pointed out they need to be situated near the correct distribution infrastructure. In additition the whole package needed to be put together with planning permission before funding could be arranged.

Subsidy cuts have now scuppered most

https://www.theguardian.com/environment/2015/jul/30/uk-solar-growth-stalls-following-government-subsidy-cuts

Still probably reasonable returns, because of the housing shortage (and that's another moral topic to discuss), on buying terraced house to let in the right areas (student towns?).

Last edited by henchard on Sat Sep 19, 15 7:22 am; edited 1 time in total

Mistress Rose

Joined: 21 Jul 2011
Posts: 15967

Posted: Sat Sep 19, 15 6:41 am Post subject:

I think Stride in Chichester do land as well as buildings, but they will only cover the West Sussex/East Hampshire area. Land is expensive round here, and we have lots of solar farms already in place or planned, so might not be the best area. There must be other companies in other parts of the country that do similar mixes; old established ones that deal in land. Try a market, or ex-market town for suitable ones WW.

dpack

Joined: 02 Jul 2005
Posts: 46211
Location: yes

Posted: Sat Sep 19, 15 1:17 pm Post subject:

wellington womble wrote:

Thanks, Cathryn. I need to find the pub where the farmers drink.

if you combine that with the auction thought the local livestock market is where one gets a good concentration of farmers in a chatty (for farmers)mood and the auctioneers might well know about land agents etc etc as well.

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