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Option agreements for land in Faversham

For owners in Faversham and the ME13 area, an option agreement is worth understanding before you talk to any buyer, including us.

If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.

  • No commission: we're the buyer
  • Figures explained, so you can check them
  • We fund the planning work

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Faversham at a glance

Faversham lies in Kent, roughly 16 miles east of Maidstone. Nearby, we also look at land around Whitstable (7 miles), Sittingbourne (7 miles) and Canterbury (9 miles).

TownFaversham
CountyKent
CountryEngland
Postcode districtME13
OS grid squareTR06
Nearest towns we coverWhitstable (7 mi), Sittingbourne (7 mi), Canterbury (9 mi)
Distance from MaidstoneAbout 16 miles east
Planning systemNational Planning Policy Framework and local plan
When you're paidOption fee now, price when the option is exercised
Planning costsOurs, sometimes recoverable from the price
Two people in outdoor jackets walking along a hedgerow, one pointing across the field

When an option agreement suits land near Faversham

  • Larger fields and blocks on the edge of towns and villages
  • Land being considered in a local plan review
  • Owners happy to wait several years for a higher price
  • Land needing access or infrastructure to be unlocked

If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.

What to check in an option agreement

Option fee

A payment on signing, which you usually keep even if the option isn't exercised.

Term

How long we have to secure permission and exercise the option.

Exercise triggers

What has to happen before we can buy.

Your obligations

Agreements set what you can and can't do with the land in the meantime.

Land near Faversham that an option agreement suits

Development land in Faversham

Suits larger fields where the planning route may take several years.

Green belt and grey belt land in Faversham

Common for green belt land promoted through a local plan review.

Small sites in Faversham

Useful if land needs assembling from more than one owner.

Inherited and probate land in Faversham

Can suit families who want to hold on while planning is explored.

What happens next

  1. Send us the address

    A postcode, a plan or a what3words location is enough to start.

  2. We do the homework

    We read the title and planning record and check flood risk and access.

  3. You get a written offer

    With the main figures behind it, so your adviser can check it.

  4. Solicitors complete the sale

    Exchange and complete, or exchange now and complete when planning is granted.

What England's rules mean for your land

Planning framework

Planning decisions in England follow the National Planning Policy Framework, revised in August 2026, and the local plan, prepared by the council or, in a national park, the park authority. Plans are reviewed periodically, which is when new housing sites are usually allocated.

Section 106 and CIL

Larger schemes often need a Section 106 agreement for affordable housing or contributions, and councils that have adopted the Community Infrastructure Levy charge it per square metre of new floorspace.

When the land isn't straightforward

You want to be sure we'll actually pursue planning

Agreements can include obligations to use reasonable endeavours and set milestones.

You'd like your advisers' costs covered

Many option agreements include a contribution to the landowner's legal and agent costs. We'll tell you if ours does.

Useful to send us

  • The address or postcode
  • Any planning applications or letters
  • Details of any tenants or grazing agreements
  • How soon you'd ideally like to sell

Common questions

What is an option agreement?

A contract that gives the buyer the right to buy your land within a set period, usually after planning permission is granted. You receive an option fee now and the purchase price if the option is exercised.

Can I sell to someone else during the option?

Not usually. The option binds the land, and it's normally registered against your title.

What's the difference between an option and a promotion agreement?

Under an option the buyer has the right to buy the land. Under a promotion agreement a promoter gets permission and then sells the land on the open market, taking a share of the proceeds. We offer options, not promotion agreements.

How do I get an offer for land in Faversham?

Use the form on this page or call 0800 088 6248. Tell us the postcode, the rough size and anything you know about planning, and we'll come back to you.

Also near Faversham

Other land in Faversham

Ready to talk about your land in Faversham?

Send the postcode and a rough size. We'll check the title and planning position and come back to you.

Get an offerCall 0800 088 6248