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Buying/Selling from Plans?

eatsloads · 2006-12-07 09:56:01

I am thinking of buying an apartment from plans in the UK. It wont be ready for 15 months so I'm hoping to pay the 30k, 10% deposit now and then sell in 12-15 months time and hopefully make a bit on the appreciation. I dont know too much about the ins and outs of this? Can I just sell my 'right to buy' at todays price in…

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07-12-2006 10:56am

#1

eatsloads

Closed Accounts Posts: 39 ✭

Join Date: May 2006

Posts: 20

I am thinking of buying an apartment from plans in the UK. It wont be ready for 15 months so I'm hoping to pay the 30k, 10% deposit now and then sell in 12-15 months time and hopefully make a bit on the appreciation.

I dont know too much about the ins and outs of this? Can I just sell my 'right to buy' at todays price in 12 months to someone else or do I have to draw down the money and purchase the property and then sell in 15 months time? Any advice would be appreciated.

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