1% ??? This guy wants it all his own way. I was in the same position as yourself and was offered the development price of the land which was nothing compared with what the value was after I had sub-divided it. Take a little time to learn what you need to do to before you part control. Ask a Planning officer in the Council to give you some advice then go to a mortgage broker to see what options are open to you. If you don’t want to do it yourself, then get your money now and invest it in another area. At 1% if inflation is running at say 8%, which could be conservative, then you’ve lost 7% of your money even before you have received it!!.