Hiya i'm facing a big decision at this time, and i'm hoping to get some advice please.
I have the opportunity to split my land into 2 plots, 1 plot with my home on and sell my home and build a small detached property on plot 2 its small but ample for me to be comfortable in the thought of no mortgage.
I know I would need planning permission over all or moving forward with splitting the plot would be pointless, but I wondered what the costs are like legally for the conveyance splitting and re registering.
If I can allow for this and the planning permission before selling the plot then its something I can achieve.
Sadly if its a great amount then its just a dream as would be if the mortgage company wanting some money to release the 2nd plot.
Although the home that would be sold on plot 1 is 3 times that of what is remaining by mortgage, so it would be paid and enough money to rebuild
Any advise would be great
Thanks
I have the opportunity to split my land into 2 plots, 1 plot with my home on and sell my home and build a small detached property on plot 2 its small but ample for me to be comfortable in the thought of no mortgage.
I know I would need planning permission over all or moving forward with splitting the plot would be pointless, but I wondered what the costs are like legally for the conveyance splitting and re registering.
If I can allow for this and the planning permission before selling the plot then its something I can achieve.
Sadly if its a great amount then its just a dream as would be if the mortgage company wanting some money to release the 2nd plot.
Although the home that would be sold on plot 1 is 3 times that of what is remaining by mortgage, so it would be paid and enough money to rebuild
Any advise would be great
Thanks