Example

Selling A

 DataSource Valuation £350,000

• All applicants immediately receive a DataSource valuation of the house they are selling (houses £250,000 > £700,000 current market value) with VAL FREE® for their buyer
• VAL FREE® is a valuation-free transferable mortgage or home finance offer (subject only to status)
• Your buyer chooses a mortgage lender or home finance provider at VAL FREE® Mortgage Brokers
• Your buyer can now make you an offer for your pre-valued house
• IMPORTANT POINT: you do not have to join the Plan to have VAL FREE® for your buyer

You decide to join the Home Owners Plan™ to receive the benefit of CHAIN FREE®

• CHAIN FREE® is 20 week chain-avoiding financial protection with a Fall Back Price® (LTV) of  90% DataSource Valuation
• You will be a Cash or Proceedable Buyer from the date you join the Plan.
• IMPORTANT POINT: if you join the Plan you are not legally committed to sell your home or to take the Fall Back Price® until Your Solicitors send us a Drawdown Notice.
• See: How it Works

Buying B

£400,000

You join the Plan

You can now tell the agent selling B that you are a Cash or Proceedable Buyer and Your Agent has time to sell A for the highest price
See: Benefits

• You take the Fall Back Price® of £315,000 (90% DataSource Valuation)
• Your buyer chooses a VAL FREE® Mortgage Broker (selection of lenders and home finance providers)

Example

• You offer £376,000 for B
  (£400,000 less 6% / £24,000)
• Your offer is accepted

Saving

• During your Plan Membership, you (the seller) have time to source a new mortgage or home finance (Home Purchase Plan), time to arrange to port some of your existing mortgage or to find the additional finance of £61,000 (£376,000 – £315,000) required to buy B.

• You don’t take the Fall Back Price® because Your Agent has sold A for market value
• Your buyer chooses a VAL FREE® Mortgage Broker (selection of lenders and home finance providers)
• You have bought for the best price recouping our 1% Fee (back-ended)