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Title split - house/land

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Hi all, 

I have recently had an offer accepted for a 5 bed house that is on a large plot. 

I plan to split the plot with a view of building another house on the split plot. 

My question is, when is the best time to split the land and what is the best way to go about it?

The purchase is hopefully going to be funded by investors rather than mortgage, with a quick refurb and resale of the existing property. 

Thanks in advance.


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