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Garden plot option agreements in Tiverton

If your garden in Tiverton has potential but the route to planning isn’t simple, an option may be the most honest arrangement. It recognises that we need time, perhaps to secure access, bring in a neighbour’s land or work through the council’s Local Plan, and that you shouldn’t be asked to sell before that work is done.

You grant the right; we take on the cost and effort of planning. When an acceptable permission is in place, we can buy at the price the agreement sets, usually through a formula with a minimum underneath. Until then, nothing changes hands, and your reasonable legal fees are covered within an agreed cap.

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Legal agreement, pen and a title plan with a garden plot outlined in red on a desk
Planning authority
Mid Devon District Council
Postcodes
EX16
Noon sun, 21 March
About 39°
Shadow from a 5 m eaves line
About 6.2 m
Planning plan
Local Plan
County
Devon

Tiverton: light, access and policy

During an option on a Tiverton plot, most of the work happens with Mid Devon District Council, testing the scheme against the council’s Local Plan. We usually start with pre-application advice where it is offered, then commission surveys, prepare the drawings and submit the application, keeping you informed at each step.

The new home must meet the Building Regulations as well as planning, so the design allows from the start for bin collection distances and for fire engine access (or other measures, often sprinklers, agreed with building control and the fire service where a fire engine can’t get close enough). If the council refuses, the agreement says whether we revise, reapply or appeal within the option period.

Section showing noon sun and shadows in Tiverton: about 39 degrees on 21 March and 16 degrees on 21 December21 m21 Mar, noon: sun 39°, shadow 6.2 m21 Dec, noon: sun 16°, shadow 17.8 mExistingNew home
Noon sun in Tiverton on 21 March sits about 39° above the horizon, so a typical two-storey eaves line (about 5 m) throws a shadow of roughly 6.2 m. In December the sun is only about 16° up and shadows stretch much further. Drawn for a garden facing north, where it matters most.

How we’d take it forward in Tiverton

The first stage, from enquiry to heads of terms, usually takes a few weeks. Agreeing and signing the option itself often takes a few months more, depending on how quickly both solicitors work and whether the title raises questions. The planning work then runs within the option period, at a pace set by surveys, pre-application advice and the decision time at Mid Devon District Council.

  1. Free plot appraisal

    We look at your title, the access, the planning history and the policies that apply, then tell you honestly whether an option, an outright sale or a conditional contract fits your plot best. It costs you nothing.

  2. Heads of terms

    We set out the option period, the price formula and minimum price, any option fee, our planning obligations and the cap on your reasonable legal fees, which we cover. Nothing is binding at this stage.

  3. Sign the option

    Your solicitor and ours agree the option agreement and the plan of the plot. Once it is signed, the option is noted on your title, and you carry on living in your house and using the garden as normal.

  4. Exercise or lapse

    If an acceptable permission is granted, we serve notice, the price is fixed by the formula and the sale completes in the agreed time. If not, the option lapses, the entry comes off your title and the land stays yours.

Worth checking early

  • With a market value formula, the final price isn’t known until the option is exercised.
  • Deductions agreed at the start, such as planning costs, reduce what you receive, so check them closely.
  • Options have their own Capital Gains Tax treatment, so take advice from a tax adviser before signing.

Tiverton: questions to ask

Do I pay Stamp Duty Land Tax (SDLT) if you exercise an option over my Tiverton plot?

No. Stamp Duty Land Tax (SDLT) is paid by the buyer of land, so any amount due on completion falls to us. As the seller, you may have Capital Gains Tax to consider, and options have their own rules on timing, so take advice from a tax adviser before signing.

Do I still own my garden in Tiverton during an option?

Yes. An option is a right to buy, not a sale, so the land stays yours until we exercise the option and the sale completes. You carry on using the garden, and the option is noted on your title so the plot can’t be sold elsewhere while it runs.

Could my neighbours in Tiverton be part of the same option scheme?

Yes. Where neighbouring gardens together would make a better scheme, each owner can grant an option on their own land, and an agreement between the owners can share the outcome fairly. It needs careful drafting and everyone’s agreement, and it often produces a scheme Mid Devon District Council is more likely to approve.

Will you cover my legal fees on an option in Tiverton?

Yes. We cover reasonable legal fees for your own solicitor on an option agreement, up to a cap agreed in heads of terms. Choose a solicitor experienced with development land, and agree the cap with us before they begin, so their fees stay within it.

Other options in Tiverton

Option agreement near Tiverton

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