Spend less on stamp responsibility
Everything being equal, purchasing a parcel without a house onto it is less costly than purchasing a plot with one thing pre-built. As such, it is more straightforward to maintain your purchase underneath the ?125,000 limit for stamp responsibility.
Those who develop their houses that are own discover that, whenever completed, the house is really worth more as compared to price of construction and purchasing the land. Continue reading “Mortgages for Land. Land Mortgages into the UK: Can I have home financing to get land? How exactly does it work?”