Selling House With Planning Permission
Selling your house or flat with planning permission can be a great way to generate more interest from buyers and potentially get a fast and competitive sale.
Your top questions when selling a property with planning permission
✅ What is planning permission for properties in the UK?
This is an approval that you must obtain before making any substantial physical changes to a property, which can include but is not limited to building an extension, pursuing a major renovation of a home or building a new property on the site. For listed buildings, it’s almost always required that you get planning permission before making any changes.
✅ What is the process involved with obtaining planning permission?
If you would like to make any significant structural changes to your leasehold or freehold house or flat then you must fill out an application that details your plans and then submit this to the local authority, who will decide whether to grant to reject the request. Typically it can take between eight and 13 weeks to get a decision, but it might take more or less time.
✅ Why does planning permission make a home easier to sell?
It is not guaranteed that having planning permission will automatically make your property easier to sell, but it will almost certainly be seen as a benefit by most buyers. They will have the peace of mind in knowing that would already have the necessary permission in place to pursue some structural changes to the home in line with what you originally applied for.
✅ If my home has structural problems can I still get a buyer for it?
Yes, if your property has dry rot, damp, subsidence or any other type of structural problem then you can sell it as is without making changes and still get a fast and competitive offer if you contact a quick home buyer like LDN Properties. These companies are specialists in making offers to buy almost any type of freehold or leasehold property, no matter its condition.
✅ How much Capital Gains Tax should I expect to pay when selling my home?
You should consult with a tax professional because it’s possible that you will not have to pay any Capital Gains Tax on the sale of your leasehold or freehold property. If this tax does apply then it will typically be charged based on the amount of profit, also referred to as the gain, that you might make on the sale of the home, and it won’t be charged on the property’s overall sale price.
✅ What are the speediest and slowest methods for selling a property?
If you’d like to sell your home quickly then your best option is usually getting in touch with a quick buyer like LDN Properties, as they can purchase your property within a handful of weeks, which includes paying you the proceeds and exchanging contracts. But if you decide to sell via an auctioneer or estate agent or on your own then these can all take many months.
✅ What rate of commission will I have to pay when selling my flat or house?
You might not need to pay any commission if you sell your home without any assistance or sell it to a no-fee quick buyer such as LDN Properties. By contrast, if you sell your property to an estate agent or auctioneer then they will charge commission as a percentage of the sale price.
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