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What are the plans for these properties?
If your parents have a mortgage then the lender is going to have to consent to this and they will want the property revalued.
With no mortgage, the safest way of doing this is for your parents to sell the land to you now and in the contract it could say that the payment under the contract is payable in 2 years time so that will give you time to build the houses and mortgage them.
It’s just a deferred consideration contract. Not unusual.
Any competent conveyancing solicitor would be able to do this.
Thank you for letting me assist you with your legal question. I am glad that I was able to help.
I am not certain whether that answers the question for you or not, but I am happy to answer any specific points arising from this.
It will be my pleasure to help you again either further with this or any future questions you have
Although the planning permission is very relevant, the lenders are only interested in whether the remaining plot which your parents are keeping values up for mortgage purposes. That needs to be the start, consent for the mortgage lender to agree to have that part of the land which you when your brother are buying, released from your parents title and released from the mortgage lenders security. Without that, it’s a nonstarter