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Permitted Development Rights become permanent!

Some Permitted Development Rights, or “PDR” which had an extension deadline of 30th May 2019, have now been made permanent, which could be good news for property developers and investors.

Under PDR, the change of use of some use classes, including offices and barns or other agricultural buildings to residential use, do not require full planning permission.

Under the General Permitted Development Order (“GDPO”), in addition to certain Rights which existed on residential properties allowing owners to develop their homes, a new PDR now allows shops (A1), financial/ professional services (A2), hot food takeaways (A5), betting shops, pay day loan shops and launderettes to convert to office use (B1) with prior approval by the local planning department.

Another amendment includes a new PDR, allowing the change of use of hot food takeaways (A5) to change to residential use (C3).

This will increase the number of development opportunities out there, for developers and investors to take advantage of, thus creating more homes.

If you would like help funding your PDR scheme contact Positive Commercial Finance now!

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACBF and FIBA. ICO registration reference Z1196910.