Scheme is for 10 years, but they aren't locked. Can onsell the property (and it remains in the 'scheme')
How do you keep purchasing properties?
- Thread starter Alex1
- Start date
Scheme is for 10 years, but they aren't locked. Can onsell the property (and it remains in the 'scheme')
As suggested, there is no "lock in" period, and if an investor sold, they can sell two ways;
1. to another investor - and that investor can elect to either take up the remaining term of the 10 years or;
2. to a non investor- and the NRAS Participant ( consortium) can either cease operating the incentive ( unlikely) or they can substitute a security ( likely) if a suitable one can be presented to Government, and the substituted security can be sold to an investor who can then utilise the remaining term
1. to another investor - and that investor can elect to either take up the remaining term of the 10 years or;
2. to a non investor- and the NRAS Participant ( consortium) can either cease operating the incentive ( unlikely) or they can substitute a security ( likely) if a suitable one can be presented to Government, and the substituted security can be sold to an investor who can then utilise the remaining term
It can be sold at any time during the 10 years that it is eligible for NRAS, as well.
Any lenders doing equity pulls on NRAS stock after purchase ie cash out?
