We can consider applications for properties with a Restricted Resale Market.
These can include, for example, a restriction that only permits someone with connections to the local area to purchase or occupy the property. The applicant’s solicitor/conveyancer should confirm the scheme meets our requirements prior to submitting the application.
Applications for a property with a Restricted Resale Market can be submitted via NFI Online as a standard purchase, or standard remortgage. When completing the valuation details screen, it should be noted that the property is subject to a Restricted Resale Market clause.