An Option Agreement secures your interest in a property while allowing you time to arrange planning permission, conduct due diligence, or secure financing—without the risk of someone else buying it first. It protects your investment strategy and locks in your purchase price, giving you control and flexibility. It means you can get your desired outcome of planning then buy the land, or if the desired outcome isn’t achieved, you have the right to walk away without having paid for the land. Option agreements can be used to lock in deals for the legal tender of just £1. They are the most powerful way to control land for the least amount of risk and money compared to purchasing. All the big house builders buy the majority of their land this way.