Splitting farm into bundles

E

elearning

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I own a farm of land and a house on the farm. I am considering splitting the farm into bundles so that I can use various bundles as collateral. This is of course if an invest oppurtunity comes my way that reflects good value for money.

So what should I be careful of. What are the pros and cons of this approach.

Any input would be great. Thank you all.

elearning
 
BAsically I own a farm. About 40 acres of land and a house. I inherited this a number years ago and qualified under special nephew tax scheme.

The farm is brining in no revenue and is a valuable asset. I can borrow against it. However I want security also. So I am thinking of breaking the land legally into different sections or parcels or whatever their called. Then I can use lets say 5 acres as collateral for a bank if I want to purchase a property lets say.

So I am trying to find ot what if any implications are there. What opinions have people on this.

Regards
elearning
 
Don't see any implications here- you just get an engineer to mark off the different portions and certify them on a land registry map and then its a simple application to the land registry to open a new folio. As long as you don't actually sell the land within the clawback period I can't see any problem.
 
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