Deal of the Month: Financing Purchase of 1,000 Acres of Agricultural Land

Getting funding for the purchase of land that doesn’t have planning permission can be difficult – unless you have the right professional support.

Our client wanted to purchase 1,000 acres of farmland and then use it for development, despite it not having the right permissions in place at the point of acquisition.

Working closely with the local authority’s planning officials to manage a process that would see existing planning restrictions for the site lifted, the land was identified as a ‘zone’ for future development.

These approvals gave us the ammunition to launch a bid for support from funding partners, and 70% of the £10m OMV was raised to buy the site and secure it for future development.
Now, 5 months on, she has secured her agriculture land loan and began development proceedings. She has already increased the value of her purchase by 50%.

Read more:
Everything You Need-to-Know About Building on Brownfield Sites
What Are the Rules Regarding Building on Green Belt Land?
Could a New Bill Speed Up The Property Developing Process?