FAQs

We specialise in unused spaces in city locations. These could be part of a large garden, a rooftop or a row of garages. Any plot that has the potential for a home and that is likely to get planning permission.

An option agreement is a legally binding contract between you (the housebuilder) and the landowner. It gives you the option to buy the land within a fixed period of time for the price agreed in the contract conditional to you gaining planning permission.

With an option agreement, you aren’t committed to buying the land until you have secured planning permission. Even then, you are under no obligation to buy the land. An option agreement offers a de-risked route to buying land without planning approval, which gives you greater scope to build a home-based on your own design.

With our experience in developing homes on land and unused spaces in cities, we only hold options for plots that we are confident will gain planning permission. They all have planning and conveyancing surveys completed on them before we take on the options.

As with any legal contract, it’s very important that you get INDEPENDENT LEGAL ADVICE before signing an option agreement.

We hold 2.5-year options with the sellers. We have up to 6 months to market the plot before it passes back to the seller, and the period remaining on the option will depend on how long it has been listed with us.

There is a fee to pay for the assignment of the option agreement which is based on a project by project basis. You pay this when you take on the option. At this time your option on the property will be registered with the Land Registry.

There are no other fees payable to us. Once you have the option on the property you deal directly with the landowner and your solicitor if you decide to go ahead with the purchase.