- Planning authority
- Reigate and Banstead Borough Council
- Postcodes
- KT20, SM7
- Noon sun, 21 March
- About 39°
- Shadow from a 5 m eaves line
- About 6.2 m
- Planning plan
- Local Plan
- County
- Surrey
How it plays out in Banstead
When we look at a garden in KT20 and SM7 for a possible option, we measure the things that create uncertainty: the width and ownership of the access, the distance to neighbouring windows, the trees and their roots, and the levels across the plot. Those findings decide how long the option period needs to be and what the agreement asks of us.
If access depends on a neighbour, the option holds your plot while we negotiate. If Reigate and Banstead Borough Council is likely to want a revised scheme, the period allows for it.
From first call to decision
To explore an option on your Banstead garden, send us your address and a few details. We check the title, access and planning background, then call you with an honest view. If an option looks right, heads of terms set out the period, the price formula, the minimum price and the cap on your legal fees, which we cover.
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.
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.
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.
Planning work
We commission surveys, design the scheme and apply for planning, keeping you updated and showing you the drawings before submission. The council decides; if it refuses, the agreement sets out whether we revise, reapply or appeal.
Worth checking early
- Deductions agreed at the start, such as planning costs, reduce what you receive, so check them closely.
- We have the right to buy, not a duty, so a sale isn’t certain even after a long wait.
- With a market value formula, the final price isn’t known until the option is exercised.
Banstead: questions to ask
Do I still own my garden in Banstead 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.
Will you cover my legal fees on an option in Banstead?
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.
Do I pay Stamp Duty Land Tax (SDLT) if you exercise an option over my Banstead 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.
Could my neighbours in Banstead 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 Reigate and Banstead Borough Council is more likely to approve.
Other options in Banstead
- Plot feasibility and design
- Planning promotion for your garden plot
- Bungalows on large plots
- Garage courts and yards
- Sell part of your garden
- Large rear gardens