Once a client determines their financial involvement the following steps will take place to finalise the purchase.
1. A Land Purchase Agreement will be issued which must be signed and returned to Premier Land.
2. Payment is expected to be made to the conveyance solicitor's holding account.
3. Premier Land assumes the conveyance fee charges associated with the transaction as well as the initial fee required by the Plot Owners Association.
4. The solicitor will then take the client through the following steps.
a) A SDLT 1 & 4 (Stamp Duty Land Tax forms 1 & 4) are completed and sent to the client to sign and return in the envelope provided. This form is necessary to obtain a certificate stating that stamp duty is not payable.
b) The solicitor will then forward the SDLT 1 & 4 to the Inland Revenue.
5. The Inland Revenue will send certificate SDLT 5 back to the solicitor.
6. The solicitor will complete a TR1 form on your behalf as well as an AP1 form and forward to HM Land Registry along with the SDLT 5 and a cheque for £40, paid on the client’s behalf by Premier Land Strategies Ltd.
7. Title of plot will be transferred to the client and deeds will be sent to the solicitor and forwarded to the client.
Why would I Begin Land Banking?
Why Premier Land Strategies?
What makes Premier Land different?
What criteria do we use for selecting land?
Will the land definitely get planning permission?
Can I resell my plot?
Do I need to use a Solicitor?
Will there be any Capital Gains Tax or Stamp Duty?
Who holds the Title Deeds?
Why would I invest in land?
Does the land increase in value
before planning permission?
If it's such a good investment, why
don't you retain 100%?
What kind of land is involved?
Isn't Greenbelt land protected?
What is the difference between Greenbelt, Greenfield and Brownfield land?