- What VAL FREE® (a Tansferable Mortgage for pre-valued houses) can do:
- BUYERS
- of all CHAIN FREE® and CHAIN MENDER® houses have a DataSource valuation (within RICS guidelines for finance purposes) already accepted by selected lenders (mortgages) and home finance providers of Home Purchase Plans (HPPs) (if upsizing, the buyer has time to find any additional finance required)
- only have to satisfy the Financial Conduct Authority’s mortgage market review (MMR) affordability rules (saves time)
- can complete their mortgage or HPP with status checks complete generally within 10 days (set up and ready to go)
- know the lender and provider are explicit that they will allow the mortgage or HPP to be transferred to a third party subject only to MMR rules (useful when the buyer wants to sell)
- can choose a broker. See: VAL FREE® Brokers (not broker specific)
- can choose a lender and provider at VAL FREE® Brokers (no valuation fees to pay)
- know if they buy a house from Albani (when the seller has taken our finance) they will not be Guzumped
- SELLERS
- don’t have to wait for their buyer to get a valuation as all Applications for CHAIN FREE® (available through the Home Owners Plan™) and CHAIN MENDER® immediately receive a DataSource valuation
- can sell their house to a buyer with an offered mortgage or HPP (quicker exchange)
- know the buyers mortgage or HPP offer is not conditional on the seller joining the Plan (can proceed)
- know their buyer is more likely to exchange (increasing certainty)
- See: Example
- BUYERS