Why do you need planning permission
If you’re looking to build anything of any significance on any piece of land anywhere in the UK then you’ll need to apply to your local authority or council to get planning permission. You’ll need to get an outline of your plans over to their planning officer with details such as the size of the structure, how long it will take to build, what sort of effect it may have on the local area as well as any potential disruption to things like traffic or neighbours.
Ultimately this stops people from building poor or unsuitable structures on land that isn’t suitable.
Can you get a mortgage for land without planning permission?
It’s certainly more difficult to get mortgages if you’re not already pre-approved for planning permission, but not impossible. If you’re not eligible for a mortgage we can certainly look at other options, such as bridging or other property finance for free.
We can guide you through the process and let you know what you might qualify for, such as an HMO mortgage or bridging for HMOs.
With land that doesn’t have planning permission, it’s considered much riskier for the lender in these circumstances, regardless of whether you’re looking to build residential or commercial, as there’s no guarantee that you’ll get the planning permission in the longer run.
Planning permission vs outline permission
Being granted planning permission is having the council confirm that you have permission to build your property or development, essentially meaning you can proceed with your project.
In comparison, outline permission is seeking to gain feedback from the local authority as to whether the scale and nature of the development or property is acceptable or likely to get planning permission, should you apply.
You can certainly look to apply for a property mortgage or bridging with outline permission, as this gives an indication of the likelihood of success, however, this may not be enough for approval and we’d advise you to seek advice from one of our experts first.
Speak to our lending manager regarding securing a mortgage for land with planning permission
Our team are experienced, friendly and happy to help and guide you through the process of applying for a mortgage on land with planning permission, regardless of whether it’s for residential or commercial.
Why not get in touch today to see what you might qualify for?