I am used to the term flat in the UK.

Since they are primarily buying trophy assets in gateway cities when they say UK they're really talking about London.

I understand I would be taking a gamble by spending the extra money for some items now with the risk being I may not be successful at re-zoning.

If it's just taking a flyer on a deal with funds you can't afford to lose, because you hope the property will go up, that's just gambling.  

when i have been soliciting for a loan, i keep getting contacted by people in the UK, and they require "LOAN INSURANCE"...Has anyone done it?

I hate to lose more cash but it may be good "gamble" at this point.I've had 5-6 showings but no bites.  

Hey  I'm a R.E.I In the UK, Bristol I have the contract forms but I need to clarify a few thing that I am little confused about.On the option and purchase form is seen to be more clearer and transparent then my purchase and sale agreement and assignment form?

Overall, it looks like you are answering your own question throughout your post ie. you recognise that it appears to be quite a gamble, not REALLY what you want!

It sounds like your ready to just get it over with though, and I know most highly successful people believe in settlements instead of gambling at trial.

Include a $1 scratch off lottery ticket and say "thanks for not gambling with your home purchase"This will stick in their mind better than a simple thanks for your business card.Congrats on the sale!