Joint ventures on land in Gwynedd
For landowners in Gwynedd, a land joint venture is one of four ways to sell to us. Here's how it works there.
If you'd like to see your land become homes, and stay involved while it happens, a joint venture may suit you.
- No commission: we're the buyer
- No pressure to decide
- Clear terms in writing
Get an offer for land in Gwynedd
Send the postcode and a rough size.
Joint ventures in Gwynedd at a glance
North-west Wales, including Eryri National Park and Anglesey, where local need and the Welsh language feature in planning policy.
| County | Gwynedd |
|---|---|
| Country | Wales |
| Towns we cover here | 7 |
| Main town | Bangor |
| Example postcode districts | LL41, LL53, LL55, LL57, LL65 |
| Planning system | Planning Policy Wales and Local Development Plan |
| When you're paid | Over time, as homes are built and sold |
| Timescale | The longest route |
Who a land joint venture works best for
- Families and estates with a long-term view
- Sites where we'd aim to build the homes ourselves
- Land with planning permission or a strong prospect
- Owners comfortable sharing risk as well as reward
- Land where affordable or social housing forms part of the scheme
If you'd like to see your land become homes, and stay involved while it happens, a joint venture may suit you.
How the money works
Structure
Land price plus profit share, a partnership or a company: each has different tax and legal effects.
Risk
You share in downside as well as upside, so independent advice is essential.
Land value
How your land is valued going into the venture matters.
Tax
Joint ventures can change how your proceeds are taxed, so take tax advice first.
Land a land joint venture works for in Gwynedd
Large strategic sites in Gwynedd
Lets you share in the development value if you can wait for it.
Land for affordable homes in Gwynedd
Can suit estates and charities that want an ongoing say in the homes.
Garden land and backland in Gwynedd
Possible if you'd like a share of the new home's value.
Infill plots and gap sites in Gwynedd
Possible for a pair of homes if you'd like a share.
Brownfield land in Gwynedd
Worth discussing if you want to share in the regeneration value.
Inherited and probate land in Gwynedd
Rare for estates, but possible where family members wish to stay involved.
What happens next
Send us the address
A postcode, a plan or a what3words location is enough to start.
We do the homework
We read the title and planning record and check flood risk and access.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
Rules that apply in Wales
Planning framework
Planning in Wales follows Planning Policy Wales, the national plan Future Wales and the Local Development Plan, prepared by the council or, in a national park, the park authority. When plans are reviewed, landowners can put land forward as a candidate site.
Tax on the sale
In Wales the buyer pays Land Transaction Tax rather than Stamp Duty. As the seller you may owe capital gains tax. Take advice from an accountant.
Common problems, and how we handle them
You're worried about the risk
You can limit risk through the structure, but not remove it. Take independent advice.
You want to keep part of the land
Joint ventures can cover just part of your holding.
Useful to send us
- The address or postcode
- Any planning applications or letters
- Details of any tenants or grazing agreements
- Photos of the land and its access
What people ask us about a land joint venture
Is a joint venture better than selling?
It can pay more, but you wait longer and share the risk. It suits some owners and not others.
Do I have to put money in?
Not usually. Your contribution is normally the land itself.
What happens if the homes sell for less than expected?
Depending on the structure, your share may fall. That's the risk you take in return for sharing upside.
Do you buy land in Gwynedd?
Yes. We consider land across Gwynedd, from Bangor to the smaller towns and villages. Whether we can make an offer depends on the land itself, and we'll tell you either way.
Find out what we'd pay for your land in Gwynedd
Send the postcode and a rough size and we'll come back with a straight answer.