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Self Builders Warning about
Land Investment

(92 kb PDF)

 
 

 

 

Plotsearch

Land Finding Service

Personalized Land Finding Resource: £35 per month

We're the people to employ to source land! Sign up for a service, not a database. Send us your brief. We will supply monthly reports of land sourced and notify you when a potential site is found.

  1. Finding land is very time-consuming and expensive. On average it can take the average self-builder one to four years to find the right plot, which translates as most weekends you have free. Let us do the leg work.
  2. We have access to resources gathered over a number of years to identify sites with planning consent. We will also identify sites with potential (eg large garden plots) and approach owners to see if they wish to sell their land.

Sign-up for a minimum of 4 months. First month free, then 3 months at £35 per month (£105). If you wish to carry on past this, the fee remains £35 per month.

A finder's fee/success fee is payable on acquisition of any site found by us which you buy. This must be paid via your solicitor, see the ready reckoner below.


Land Finding - How it Works

Step Description Who
1. Agreement signed and up-front fee paid over 4 months You
2. Draft brief Plotwant
3. Draft initial search report Plotwant
4. Draft follow-up search reports Plotwant
5. Plot found Plotwant
6. Price negotiated You
7. Sale agreed subject to contract You
8. Solicitors instructed You
9. Contracts exchanged Your solicitor
10. Sale completed and success fee paid Your solicitor

Important Notes:

  • We will draft a follow-up search report, each month you employ us. For example, a minimum of four months will produce a Brief and three follow-up reports.
  • All plot details will be supplied in good faith and should be verified by a solicitor before contracts are exchanged.
  • We advise that you obtain a site survey report and ground investigation report before contracts are exchanged.
  • We advise that you obtain detailed planning permission before contracts are exchanged. Alternatively, we advise that you obtain an option to purchase your plot subject to obtaining detailed planning permission. We can direct you to a law firm specializing in Option Agreements.

This is what our service costs:

Plot value Up-front fee Success fee
Up to £99,000 1st month free then £35/month x 3 5 %
£100,000-£199,000 1st month free then £35/month x 3 2½ %
£200,000-£299,000 1st month free then £35/month x 3 2 %
£300,000-£399,000 1st month free then £35/month x 3 1½ %
£400,000 and over 1st month free then £35/month x 3 1¼ %

To retain us past the full 4 months, merely continue paying a monthly fee. All fees are payable by standing order.

Important Notes:

  • Our up-front fee is non-refundable
  • Our success fee will be paid via your solicitor on the day the sale is completed
  • For the purposes of calculating our success fee:
    a) Where there is more than one plot on a site the plot value relates to the total value of the site, not the value of each individual plot
    b) The plot value is taken as the final purchase price, not the original asking price.

If you wish to register for our Land Sourcing Service please register here. A legally binding Agreement will be posted for you to sign and return. You will also have to complete a standing order application from your bank. We can post you this form to return to us.


Alternatively, the Agreement is available as a PDF document below for you to sign and return.

» Agreement and Appendix A1 (109kb PDF)

Please post the signed Agreement to:
Plotwant, Field House, 107 Victoria Avenue, Westgate on Sea, Kent, CT8 8BG.


Please feel free to contact us first on 01843 834938 or 07877 894435 if you have any questions.

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