GardensandLand

No, not if you own and live in your house. If it is your “Principle Private Residence” you can sell your house or any part of the land without any tax liability at all – it is tax-free.

If the property is owned by a company or is an investment (for instance, you are a landlord), some Capital Gains Tax may be due. In this case, you should speak to a qualified accountant or your tax advisor.

After selling some of your garden, it will still be at least as big as minimum garden sizes in your area. We buy only the excess garden land and so the value of your property should not be affected.

In fact, if the new garden area is more in keeping with the size that most eventual buyers would want to maintain, the value may be increased.

Similarly, a small, high-quality, low-density residential development will actually raise the value of all surrounding houses.

None at all.

We handle and pay for all the work, surveys, legal, professional and planning fees involved.

Not at all.

At the point of sale and once we have all the details worked out, your mortgage company will be informed. In most cases, mortgage companies are happy for everything to proceed without further involvement.

Sometimes, mortgage lenders will ask a valuer to check that the garden land sale will not affect the value of the house (as it is their security on the mortgage). If this happens, you can ask us to pay this cost.

Mortgage companies will occasionally ask that some of the proceeds of the sale are used to reduce the mortgage.  In particular, this sometimes happens where there are/have been arrears on the account. But even if this is required, you are still ahead as you’ll have a smaller mortgage.

Yes of course.

You can either pass on the opportunity to your property buyer – so we will then deal with them (and they will get the payment when the value uplifts)

OR

You can divide the land you are selling from the rest of the property, sell the house and smaller garden,  and continue to deal with us about the excess garden. Note that in this case,  you can’t claim the PPR tax relief because you are no longer living at the property, so there may be some Capital Gains Tax to pay.

Everyone has their own reasons, but these are the most common:

1. It can provide a substantial windfall for the property owners involved.

Completely new and additional cash/assets are created. For example:

Now: A property and garden is worth £ X thousand

After: The property and garden is still worth £ X thousand. (Our high-quality projects can even increase neighbouring property values.)

The excess land is sold for an additional five-figure sum (a typical figure, although the sum depends on the land and area). This extra value has been created by the project – it did not exist before. Although not every excess garden or land space is suitable, where a project is taken forward and concluded, there is a substantial windfall for participating property owners.

2. The cash is enough to make a difference. It may:
– help a growing family fund an extension or move to a larger house;
– be used to reduce borrowing or to re-mortgage* under new affordability rules;
– offer an attractive alternative to equity release*;
– provide greater financial security, particularly during expensive child-rearing years, or in retirement;
– allow you to pass on part of an inheritance in a tax-efficient* way, when it is most needed and when both parties can enjoy the gift;
– fund a particular ambition or need, such as starting a business, a new car or a world cruise.

3. Your needs may have changed:
If your family have grown, or career progression leaves little time for gardening, you may now not need or want such a large space. Some are attracted to the opportunity to reduce the burden of a large garden, without having to move house. A smaller, easier-to-maintain area may better suit your lifestyle, needs and energy levels.
 
* We are not able to offer financial advice and nothing in this website above should be taken as such. We recommend that before making any tax or financial decisions you speak to a qualified financial advisor or accountant for professional advice based on your own particular circumstances.