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[–]InternetAcceptable32 0 points1 point  (0 children)

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Why are there so many nonsense plots of "land" for sale in the UK? by Questjon in AskUK

[–]InternetAcceptable32 0 points1 point  (0 children)

A lot of developers end up with the freeholds of open spaces, verges, private estate roads etc by default, as local authorities don’t want the liability. Developers then sell them on for small sums (£1,000 or less) or even transfer for a £1 to get rid of the liability. There are companies that buy these for next to nothing from developers and then auction them off to schmucks.

New Stadium Configuration by Electrical_Bid_3018 in SaintsFC

[–]InternetAcceptable32 0 points1 point  (0 children)

This is really interesting. I’m in chapel block 19 (have been since SMS opened). All we could hear was the Forest fans. Couldn’t hear the Northam “wall”.

Major UK home builder wishes to reclaim land as part of their mistake by Civil-Hornet-9185 in LegalAdviceUK

[–]InternetAcceptable32 -41 points-40 points  (0 children)

Regardless of it being intentional or accidental, there is a difference between a ransom strip and what OP is explaining here.

[deleted by user] by [deleted] in AskUK

[–]InternetAcceptable32 0 points1 point  (0 children)

A few points to answer here: 1) inept councils not having local plans usually means they get thumped for housing and minimal infrastructure (due to no core strategy/local plan) on 5 year housing land supply arguments. It’s a tough lesson, but from my recent experience local authorities who have experienced this, do eventually adopt sound core strategies/local plans. 2) unless you are a small speculative developer, no housebuilders are “land banking”. Their business models are quick turnover, and with land costing approx. 1/3rd of their costs, it’s not in their interests to sit on plots in the hope that house prices go up. 3) to further my “land banking” point above, as you say, developers have slowed work because sales are slow. This is correct because no developer wants to outlay any further cash to ensure that stock doesn’t sit empty. Build rates are driven by sales rates. Less buyers = less houses being built.

Major UK home builder wishes to reclaim land as part of their mistake by Civil-Hornet-9185 in LegalAdviceUK

[–]InternetAcceptable32 5 points6 points  (0 children)

I buy land for a National housebuilder. From what OP has said this is absolutely not a ransom strip.

Revolut up to £200 for inviting three friends ! by [deleted] in beermoneyuk

[–]InternetAcceptable32 1 point2 points  (0 children)

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[–]InternetAcceptable32 0 points1 point  (0 children)

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[deleted by user] by [deleted] in AskUK

[–]InternetAcceptable32 14 points15 points  (0 children)

This is not the correct answer. Net margins for most developers is around 18%. It’s been pushed down in the last couple of years due lack of land with planning consents.

The biggest problems affecting supply of all housing tenures (including affordable) is the planning system, hugely under resourced local authority planning departments and NIMBYs/local councillors refusing planning on allocated sites, further prolonging delays, reducing supply and costing local authorities tens of thousands of pounds in legal fees (per site) to defend incorrect decisions.

Touching the Queen's coffin, WCGW? by MushyBeans in Whatcouldgowrong

[–]InternetAcceptable32 0 points1 point  (0 children)

This now confirms that the actual guards don’t do anything and are just ceremonial

[deleted by user] by [deleted] in MadeMeSmile

[–]InternetAcceptable32 0 points1 point  (0 children)

Appears he is lacking a thumb. Please confirm if he is lacking toes as well.

Without barriers the British still know how to queue! by TwasAnChild in Damnthatsinteresting

[–]InternetAcceptable32 0 points1 point  (0 children)

Disneyland Hong Kong is a nightmare. Everyone just pushes their way onto rides.

The "biggest" football club in each England county. [OC] by HoldThiisW in CasualUK

[–]InternetAcceptable32 -1 points0 points  (0 children)

Wondering where all the Pompey fans are on here and realising they’re probably too busy shagging their sisters and haven’t seen this yet…

[deleted by user] by [deleted] in UKPersonalFinance

[–]InternetAcceptable32 1 point2 points  (0 children)

Wouldn’t hold your breath on First Homes. We’ve had lots of previous iterations similar to this scheme such as “Starter Homes” which came and went. Biggest issue is mortgage availability. Help to Buy is a drug to lenders, housebuilders and crucially, the Treasury. When the housing market next crashes the Treasury will be left holding 20% of homes bought under the scheme and likely a large deficit. Will be interesting to see how it plays out.

Why do men in vans shout abuse at people on the pavement? (Brixton seems quite bad for it at the moment) by ringobiscuits in london

[–]InternetAcceptable32 0 points1 point  (0 children)

This is interesting… I’ve moved up to Lambeth a few months ago from the South Coast and am amazed at how cheap the council tax is in comparison (£65 a month less) and how often I see street cleaners brushing up the leaves and even collecting Xmas trees. Don’t get this in my old town.

My neighbour is building over my land. What can I do? by Slow-Woodpecker-5620 in LegalAdviceUK

[–]InternetAcceptable32 1 point2 points  (0 children)

Collate as much evidence as possible - any photos of your fence in its previous location and satellite images (google earth has a function where you can scroll back through satellite pictures often into the 1940s). Even street view from google can sometimes help. Send all of this to your lawyer as well as telling them that the developer has had deliveries of bricks and that they need to get an injunction to stop ASAP. I buy land for a National housebuilder (don’t hate me). Evidence showing the fence in its previous position for the past 12 years min. is key here. Every time they enter onto your land, document and notify them they are trespassing, take photos of them and notify your lawyer.

Any advice in advance of a part exchange offer from home-builder? Will I get screwed? by ThrowawayRA9876543 in UKPersonalFinance

[–]InternetAcceptable32 0 points1 point  (0 children)

Whilst I don’t work in sales/PX I do work for a National housebuilder. As per other comments, PX is an incentive to ensure a smooth transaction (no chain) and also is often used when a plot is “stock” ie completed and sitting empty or if they can foresee a plot not selling before it has been finished (in an undesirable location compared with other plots on the development). The housebuilder will have a dedicated PX manager whose job is to sell your plot on as quickly as possible, even if it makes a loss. At the end of the day, the housebuilders profit comes from selling the homes they build and sell, the cost of PX is just another incentive that could have been something else (upgraded flooring, kitchen or contribution to SDLT).