A critical ingredient to a successful property business is the sourcing of land and buildings. Vida Homes UK is actively seeking property & land acquisition opportunities, with or without planning permission, spanning residential (both new build and renovation or conversion opportunities), mixed–use and commercial development in London and Surrey.

We are well versed in the intricacies of planning policy and have a strong understanding of the philosophy of local authorities, particularly Merton and Wandsworth. We are also well acquainted with many local planning officers, which serves to assist communication.

We routinely engage skilled architects and planning consultants, such as King Sturge and CGMS, who help us present highly professional and considered applications. To date we have never suffered a planning refusal and we have regularly prevailed on sites with poor previous planning histories.

We are always happy to pay site introduction fees and retain agents on any future sales.

Vida Homes UK aims to appraise any potential opportunities quickly and to confirm our interest in any site within a few days of it being introduced.

Vida Homes UK welcomes opportunities for joint ventures with land owners. The landowner benefits from our lending contacts, planning knowledge and building experience, which enables us to get the maximum value out of a potential site.
For a number of reasons it has become difficult for land owners to sell their sites for development at their desired asking price.
We have the experience to be able to recommend a suitable development for a site that will maximize the site taking into account the location, local market and planners' requirements/restrictions. This means that the planning process can be accomplished efficiently without wasted time or effort.
Having an experienced developer on board makes it easier to obtain senior debt borrowing from a bank. Unfortunately, since the recession, banks are far less likely to fund first time developers and many banks have stopped residential development funding all together.
Joint ventures generally work with land owners putting up their land as security and granting the developer with a building licence. The developer then builds out the scheme at cost plus an agreed minimal management fee. Once the build is completed and sold the profit is split in a percentage agreed beforehand, depending on what each party wishes to achieve from the project. The industry norm is a 50/50% split.
Landowners often find the joint venture approach more financially rewarding than having to sell their site below market value because they have been unable to raise the finance required to build out the development on their own.