Is it possible to borrow 20k to buy land?

[Farmwifefarmlife]

Hoping someone can advise, I am waiting a call back from a rural mortgage lender.

I have seen a lovely plot of land 1.4acres locally I’d love to buy it and put a log cabin on and live in it. I’d like to do it all properly through planning ect. I’m self employed earring 20k this is due to increase to 30k this year and get UC top up DH earns about 35k but marriage is on the rocks and he has no books ect to show for his income. I’d need to borrow the money to buy the land is it even possible? Or am I living in dream land? Any help or advice would be greatly appreciated. Thanks

Is it zoned to be built on or is raw rural land? Does it have services running to it? If it's agricultural land there's almost no chance you'd be able to build on it.

You are living in dream land.

Sorry. You will not get planning permission. Don't you think we'd all be doing it if it were that easy??

Well yes, you can get a mortgage to purchase land. But it’s about so much more than that. As PP said, planning permission for a plot is not guaranteed (unless it’s being sold as such?). And if you get permission then what about the services - do they exist already because of not that can be horrendously expensive. Build costs Etc etc. Without all the info available then yes it’s a bit dreamland .

Unfortunately it would be £200k+ if there was any chance that planning permission would be granted. Sorry OP, nice dream.

Generally plots of land where there either is planning permission, or it is possibly likely to be granted tend to go for much much more than that - think hundreds of grand. The planning laws in this country are very restrictive. Have you researched your idea at all and googled about how to get planning? As it seems a tad unrealistic.

Some people say they are going to keep animals thinking that makes it a farm and therefore PP can be gained that way.
Unfortunately a couple of chickens and a goat, a smallholding to not make and PP is not forthcoming.

You can borrow the money to buy a field.

You won't get planning permission to build on it. It will be agricultural use only for that price.

What money are you going to use to build the log-cabin (in the unlikely event you can get planning consent)?

thanks for all your replies to answer a few questions.
it is rural but lots of houses currently being built around the area. There is a big new build 1/2 a mile up the road.
there is a house next to the plot of land and a static caravan on their plot. I’ve looked through the legal pack and can’t see anything in regards to planning. I’ve lived here my whole life and my children go to the local village primary school.

I’ve found companies that finance them so would be the same as paying rent/ mortgage.

Could you move up to the log cabin? Get a second hand caravan first, then save for the log cabin?

There are ways of getting planning but it’s quite complicated there’s a book call rural planning handbook
Generally keeping animals has to pay to get planning. Usually you can get planning for a caravan for a set numbers of years then you apply for a cabin etc
Sometimes holiday accommodation works if you need managers accommodation as well.
it’s not an easy path so you really need to do your research well as it’s not possible in all locations
good luck

Thank you so much! That’s great advice will definitely take a look!

Talk to your local planning department. Ask them what the likelihood would be of getting permission.

Get the seller to divide up the plot into 12 separate parcels of land.

Buy each parcel as a separate transaction.

Then buy a motorhome.

You can legally spend a month out of each year living in your motorhome on your own land, any longer and you would need permission.

Move your motorhome to a "different" piece of land each month. Effectively just means moving it a few feet.

I love loop holes!

🙄😬

It's really hard and a very long process to get residential planning permission. In my area nigh on impossible.

If there was any chance of PP that land price would be 10 fold and I'm sure it's cheap because the current owner investigated the chance of it and realised it was a non starter so is offloading it .

If there's nothing in the pack on planning, then it doesn't have any. It'll be agri use only. Phone the council planning dept - they're often happy to let you know how they'd react to a change of use to residential application.

If there's building going on locally though, ask yourself why the building company hasn't bought this plot.