A basic guide to land banking
Land banking is a new concept for many people, but one that invariably attracts attention once it’s been explained.
Land banking is a relatively new concept in land acquisition and development that allows smaller, private clients the opportunity to buy in to potentially lucrative land deals.What is land banking?
Land banking at its simplest involves a single company buying a piece of land that may or may not be developed in the future. This land is ”banked“, or kept until such time as the company decides to sell or develop.
Why is land banking good for the general public?
Most clients know that land is an excellent opportunity, often out-performing the stock market and even property. They also know that buying land is very expensive and can rarely put together enough funds to buy a suitable plot. Land banking allows companies to buy larger plots of land and then sub-divide them into smaller areas, which are then made available to the general public at a reasonable price. This means that you can spend as little as £5,000 and be part of the land market.
How do I access land banking?
Companies like Thornton Ridge Land Developments specialise in sourcing, buying and packaging land all over the UK, giving the general public the opportunity to access the potentially high returns that land can offer. Our website provides details of all the land we have available and you just need to contact us if you’re interested. The buying process is straightforward and can usually be completed within 28 days.
When can I sell my land?
Buying land from a banking company doesn’t tie you in to a long-term deal that only allows you to sell when we do, or when the site may be developed. Once you have bought your piece of land, you have freehold ownership of it and you can sell it at any time. If land prices have risen whilst you have been holding the land, then you will make a profit. Typically, people choose to retain their land for between two and five years.
How can I find out more about land banking?
At Thornton Ridge Land Developments, we’re happy to talk to you about how land banking could be a great opportunity for you. We have sites across the country, so you can buy locally, or choose an area where you think you’re likely to get a better return on your money. We’re here to help you with every step of the buying process, so just get in touch with us by calling 0800 970 9417 or emailing enquiries@thorntonridgelanddevelopments.com.
Back...
37 The Brunel Centre, Bletchley, Milton Keynes. MK2 2ES
Tel: 01908 275114
Email: enquiries@thorntonridgelanddevelopments.com
Tel: 01908 275114
Email: enquiries@thorntonridgelanddevelopments.com