Thinking of Buying a Home? Know About Section 106 Agreements!
If you’re looking to buy a home in the UK, you might come across the term Section 106 Agreement—but what does it mean for you?
A Section 106 Agreement (S106) is a legal obligation between local councils and developers, often used to ensure new housing projects contribute to the local community. This could mean:
Affordable housing requirements
Restrictions on who can buy (e.g., local connection criteria)
Infrastructure contributions (roads, schools, parks, etc.)
If a property has an S106 restriction, you may need to meet certain conditions before buying, such as proving a local connection or being a first-time buyer.
Before making an offer, check if there’s an S106 in place! It could affect your mortgage options or who can purchase the property. Always ask your solicitor or estate agent for clarity.
Have questions about S106 agreements? Drop them below!
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