1. Gudge

    Gudge New Member

    Hi Guys. We are about to purchase a 31 acre farm. The vendor wants to sell us his BPS rights. My questions are.
    Is this right that I have to buy it from him?
    If I don't buy can I just apply next year when the window is open?
    If I don't buy can he still claim BPS for my land?
    Can he sell it to somebody else and they claim for my land?
    What value would you put on the BPS rights?
    Thanks for reading my post, any comments gratefully received.
  2. beefandsleep

    beefandsleep Member

    You don’t have to buy them.
    You can’t claim unless you buy entitlements.
    You need land to activate the entitlements.
    He can sell them to someone else.
    They are not linked to your land.
    Unsure of the value, enquire with a broker. You can buy entitlements if you wish, they don’t have to be the ones the vendor of the land is selling.
    Personally on 31 acres I wouldn’t bother, it will be a pittance and you will be beholden to government whims, be master of your own destiny.
  3. aangus

    aangus Member

    If it keeps the deal sweet then I would buy them, value I would like to think you could get them for 1 years claim
    Old Tip, chipchap, neilo and 2 others like this.
  4. Nearly

    Nearly Member

    North of York
    If you don't like the system after the first year then you can sell them on again.
    Old Tip likes this.
  5. Last deal I heard of £165 + Vat.

    Agents predicting shortage!!
    smj1 likes this.

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