| Resale Price Covenant |
| What is Resale Price Covenant? |
Resale Price Covenant is a scheme giving purchasers the opportunity to buy a property at a price well below market value.
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| How does Resale Price Covenant? |
Under Section 106 of the planning regulations the property cannot be resold at a price higher than a set percentage of the market value.
This percentage is typically 75% and gives considerable benefit to the first time buyer.
When the property is sold on the Resale Price Covenant still applies. |
| Who is eligible for Resale Price Covenant? |
The Resale Price Covenant applies to specific properties only. |
| How do I apply for Resale Price Covenant properties? |
Contact your local Homebuy Agent. |
| How do I raise a mortgage for Resale Price Covenant properties? |
Selected specialised products are available for Resale Price Covenant.
To request help with a mortgage click here. |
