Buying land from a neighbour can be a way to add more land to your property for several reasons.
But it can also be a complex legal process and you might not know where to begin.
As with anything when it comes to dealing with the land registry and property, it’s wise to seek expert legal advice to ensure that you’re doing everything as you should by meeting all of your legal obligations.
And there’s always a lot of paperwork involved…
How Do You Buy Land From A Neighbour
Buying land from neighbours is a viable option for many people when they want to extend, add more space to the garden or for several reasons.
If you’re looking at doing just that, you’re probably wondering how you go about actually buying the land from your neighbour.
It might be that you’re buying garden land from your neighbour in the UK, which is one of the most common ways of purchasing land from your neighbour.
So, the first step is to do a bit of research on the land and find out whether your neighbour actually has the legal right to buy or sell it.
Not only that, but you must understand that there is a process to buying land from your neighbour and some key questions you need to ask, such as…
How much are you prepared to pay for the land? Have you factored in legal costs? And do you need a surveyor?
You’ll need to approach your neighbour to see if they’d be willing to sell the land as a lot of the preparatory work would be pointless if they have no interest in selling.
There’s also the reality that if there’s planning permission on the land already, it could raise the cost of buying it considerably, so it’s worth bearing that in mind. If they have a mortgage on the property, this could complicate things.
Because that would mean you’d need their lender to consent to release part of the property’s land into your ownership and they might not want to do that.
A lot will depend on the value of the land and the amount remaining on their mortgage because you’ll need the lender to remove their interest on the land to be able to buy it.
How To Value Land Buying From A Neighbour
It goes without saying that you want to pay a fair price (as low as possible if we’re being honest) for the land).
That’s why research is important to understand the value of the land based on whether there’s a mortgage on it if it has planning permission, the value of property and land in the area, whether there are any restrictive covenants and other factors.
If the land hasn’t already been advertised for sale, then you might be starting from scratch and it can be hard to know what to expect to pay.
One thing you can do is to contact a land valuer or estate agent to value the land before you negotiate a price with the owner.
Remember, there is a lot to consider for both you and your neighbour…
The fact that their property value will fall will need to be factored in and if there is any structure on the land such as a summer house, shed, patio or boundary wall then the price is probably going to increase.
And it might be that they have plans that increase the value in their own mind.
Do I Need A Solicitor To Buy Land From A Neighbour
As with anything, it’s entirely up to you.
The reality is that buying land from a neighbour can be complicated and there is a lot of legal documentation to complete as well as entering negotiations with your neighbour, filing with the land registry, and speaking to lenders.
Seeking legal advice from an expert solicitor can be invaluable in the long run when you consider the amount of time, effort, and expertise required during any property or land purchase – never mind if it becomes more complex.
How Do I Find A Solicitor To Buy Land From A Neighbour
At Solicitors Near Me, we’re here to help you do just that – find the right solicitor for you to help you buy land from a neighbour.
We connect you with expert solicitors near you for FREE so you can decide whether they’re the right fit for you to help with your land purchase.
And having that expert legal advice available to you might prove to be invaluable…