OXLEIGH BARON LIMITED - FAQs

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Frequently Asked Questions

	Why would I acquire land?
	How many sites do you have and where are they situated?
	Can I visit the site I am interested in?
	Do you sell land with planning permission?
	Do you sell land for other use apart from development?
	What is the difference between outline and detailed planning permission?
	Do I own the land?
	Can I resell the land at any given time?
	How much is a typical land purchase?
	Can I buy land and put it in someone else's name; my business or children for example?
	Can I acquire land with a pension scheme?
	Is there any additional cost involved for me besides the actual purchase price?
	What are the tax implications when buying land?
	Do I need a solicitor?
	Can I use my own solicitor?
	How do I start?
	What happens next?

Why would I acquire land?

Land is a solid and tangible asset that has an excellent history of being both stable and lucrative. Land has consistently outperformed more traditional forms of investment such as stocks, shares, pension schemes and ISA's. Above all, land is a finite resource sustaining an ever-increasing population.

How many sites do you have and where are they situated?

Most of our sites are throughout the United Kingdom. In addition, we cover emerging markets throughout the globe. The number of sites fluctuate continually depending on acquisitions and disposals. We are reputed for being able to acquire land virtually anywhere in the world.

Can I visit the site I am interested in?

Yes you can. Simply call one of our consultants on 00 44 (0) 800 030 4769 and they will be happy to arrange a site visit for you. By entering relevant postcodes you can view aerial photos and map locations of all available sites by visiting the following websites: Getmapping.co.uk, Multimap.com and Google Earth.

Do you sell land with planning permission?

Yes. However, recently most individuals have steered towards the cheaper alternative of acquiring land without planning permission. As a result, we sell land both with and without planning permission.

Do you sell land for other use apart from development?

Yes. Dependant on the individual requirement, we can provide land for alternative purposes.

What is the difference between outline and detailed planning consent?

If outline planning consent has been granted this means you have permission to build upon the land. Detailed planning consent relates to the specific type of property you want to build, i.e. type of brick, windows, number of rooms etc.

Do I own the land?

Yes. Each plot of land has its own Freehold Title Deed of Ownership which will be transferred upon receipt of the required funds. New clear freehold title deeds will be issued in your name from HM Land Registry. Within the existing planning permission for the land, you can use it how you wish. Its existing planning permission may impose limitations on what you can do with the land, and these will vary from site to site. This will clearly be indicated to you from the off-set.

Can I resell the land at any given time?

Yes. As you hold the freehold title deeds for your land, you may resell to anyone you wish without restrictions. If you wish, we can assist with the resale of your land.

How much is a typical land purchase?

That depends very much on the location and on the size of the plot concerned. A town centre site with the potential for substantial development of homes is worth more than a semi-rural site suitable for agricultural needs. It is not possible to give an average price; each site is priced according to its acquisition cost. Individual site details will make the actual price clear.

Can I buy a land and put it in someone else's name; my business or children for example?

Yes you can. Many of our clients purchase land for their loved ones and / or their businesses. You can have up to 4 names legally entered onto the title deeds.

Can I acquire land with a pension scheme?

Yes, you can with a Self-Invested Personal Pension (SIPP). This is a UK registered pension scheme which provides a wide choice of investment and retirement options.

Is there any additional cost involved for me besides the actual purchase price?

To officially register you as the legal owner, you need to sign your deeds upon completion of the purchase and send them directly to HM Land Registry. You will need to include payment of approximately £40 to cover their administration costs.

What are the tax implications when buying land?

Oxleigh Baron Ltd. are not legally qualified to advise on taxation matters. If you have any questions or would like more information we recommend that you speak to HMRC directly or seek professional advice from a trusted accountant.

Do I need a solicitor?

Unlike a bricks and mortar property purchase, a solicitor is not essential. However, some people do prefer to use a solicitor for their own peace of mind. Using a recommended solicitor who already knows the sites and concept is advisable as this can save you a lot of time and money. All solicitors are regulated by the Law Society ensuring that your best interests are their only concern. The solicitors recommended to Oxleigh Baron Ltd's clients are established and widely respected. For further information please contact us on 00 44 (0) 800 030 4769.

Can I use my own solicitor?

Yes you can. Oxleigh Baron is happy to deal with any solicitor of your choice. Please keep in mind that a solicitor who has no knowledge of this concept or the sites on offer, may take a considerable time to complete. As a result you could incur unnecessary additional legal costs.

How do I start?

One of our consultants will inform you as to the availability of our current land. Please remember that land is sold on a first come first serve basis due to its limited availability. A plot reservation form with terms and conditions needs to be signed and completed along with either full payment or a 10% deposit.

What Happens Next?

Day 01	A plot reservation form with terms and conditions needs to be signed and completed along with either full payment or a 10% deposit in order to secure your land.
Day 14	You pay the remaining balance (if applicable) within the time agreed at deposit.
Day 21	You are sent: -Transfer form signed by the land owner -The SDLT1. This form is necessary to obtain certification from the Tax Office that stamp duty is NOT applicable. You have to complete the SDLT1 and forward it to the relevant tax office.
Day 35	You receive a Tax Exemption Certificate which you must send to the Land Registry along with TP1 , AP1 (registering your title) and a cheque for the relevant fees.
Day 49	You receive an official copy of the Land Registry deeds, stating your freehold land ownership.

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