Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
I have one property where I would like to increase the size of the garden and another where I would be interested in selling part of the garden to raise funds.
In both cases there is zero potential for development (i.e. they would only be useful for ‘garden’ purposes). Also, in both cases, I believe I have neighbours who would be interested in doing a deal. I don’t have any experience in this area though and wondered if anybody could advise on the following:
How much (per sq metre?) should I expect the land to be worth (notionally). I realise that in both cases it would be a matter of negotiation – but where to pitch that first offer?
How much would conveyancing cost?
How much would Land Registry fees come to (i.e. defining and selling off a part of a garden)?
Am I likely to encounter any issues/objections from lenders if the properties are currently mortgaged?
Any advice would be very welcome. The gardens are in Northampton by the way.
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