- {{chain_mender_deadline_to_submit}}
-
- Please read the Movers Conundrum.
- CHAIN MENDER® is a 4 week chain-mending solution at 85% DataSource Valuation (Provisional Price™) with a Profit Share and the benefit of VAL FREE®
- Houses £250,000 > £700,000 current market value.
- Your Solicitors must be holding a contract for the property you want to move into and your house must be on Rightmove for sale.
- IMPORTANT POINT: Use CHAIN MENDER® when Your Solicitors can’t delay exchanging contracts for your next home.
- Our Provisional Price™ will be available for a 4 week Facility Period (on 5 days notice, subject to an Empty, Clean and Tidy clause) from the date of our DataSource Valuation of the house you are selling. See: Treating Customers Fairly
- Today you (or Your Agent) submit an Application and receive our Application Confirmation email (the start of your 4 week Facility Period).
-
- {{chain_mender_deadline_to_pay}} You login.
You, Your Solicitors and Your Agent can view our DataSource Valuation, Provisional Price™ and Offer Documents.
You pay our Fee for ID check.
You sign our Offer Documents (with no legal commitment to take the Provisional Price™).
You are now a Fast Mover and can quickly exchange contracts on your new home.
- {{chain_mender_deadline_to_last_draw_down}}You decide to take the Provisional Price™ at 85% DataSource Valuation.
You are able to exchange contracts on your next property 12 days from today.
You can now move as soon as you complete contracts on your new home.
- {{chain_mender_end_of_facility_period}} The end of your 4 week Facility Period.
Only if you take our Provisional Price™ will your house be sold.
IMPORTANT POINT: You are not legally committed to sell your home (we do not buy your house) or to take our Provisional Price™ until Your Solicitors send a Drawdown Notice to our Legal Department.
Because we do not buy your house the Drawdown Documents include a Sale Contract (our Legal Department will add the buyers name) and Transfer for you to sign so we can sell your house on your behalf in order to recoup the Provisional Price™.
IMPORTANT POINT: If the Sale Price of your house is more than Valuation you will receive a Profit Share of 50% of the difference between Sale Price and Valuation (with no deductions).
When you take the Provisional Price™ you must contemporaneously give us vacant possession and pay off any outstanding mortgages (which you can do with the Provisional Price™).
From the date you take the Provisional Price™ you will have no legal responsibility to pay any Property Costs relating to your house (we will pay Council tax, insurance, utilities, estate agent sale fees and if applicable any Additional Rate of SDLT).
If you take the Provisional Price™ you will not have to pay Your Agent a Sale Fee (we have not bought your house).
We re-instruct Your Agent to sell your house.
Our typical rate for CHAIN MENDER® is 18.7% APR