split plot before application?

[Bluebaron]

 

attempting for planning permission as the moment. pretty confident i will get by Christmas. 

 

Splitting my current plot. My current residential mortgage is up for renewal end Dec. Would it be advisable to split the plot now in order to secure both my new mortgage (on reduced plot) and be ready for the self build application when planning comes through?

 

 

 

 

[Oz07]

Xmas. You must have a good local authority. 

 

I don't think it matters when you split. I thought land registry resisted splitting titles when it was going to be the same owner on both? I would split at the same time as mortgage self build if possible then one lot of legal fee's. 

[Bluebaron]

I spoke with ecology and they have  advised that I will need separate title to get new mortgage. My current provider also advised they would be better to split first as revaluation may be required.

 

 

Edited Friday at 14:24 by Bluebaron

[Temp]

Can be an issue with the land registry if both parts are in the same name. Something about covenants not being enforceable against yourself? I forget the details.

[Bluebaron]

Just spoke to a conveyancer and as above I can’t transfer land to myself or split a title.

 

surely this must have come up before  for someone, I think my issue is I have a mortage on my current house and will need a self build mortgage on my next one before I sell the original. 🤔