I am looking to draw up a mortgage/ contract of sale where there will be certain terms and conditions set ou ie Purchase Price, Deposit, agreed interest rate, defaulting payment for x times etc etc. By the installments path there is nothing legally binding to prevent me turning round after a period of time and selling this to another party (not that I would). Just want to make sure there is a legal document that prevents anything untoward happening on both sides.
Unsure re: deposit as need to establish financial position as they are currently working with the council and seeing what type of planning would be possible. The house is fully owned with no debt and like them I am seeing what is possible other than the conventional sale through a bank or Financial Institution as I don't need the lump sum specifically at the moment