Making arrangements with a view to regulated mortgage contracts.
CHAIN FREE® and CHAIN MENDER® are not regulated mortgage contracts (See: FCA PERG 4.4).
Our finance is non-recourse; a mortgage contract includes an obligation to repay the amount you borrowed / non-recourse means you have no legal obligation to do so (we can only recover our finance from the sale of your house).
VAL FREE® are regulated mortgage contracts.
Provided by selected mortgage lenders for the buyer of our surveyor-valued houses.
Albani Limited
Provides financial products to home owners that are transparent and fair.
Profit-sharing for all employees.
Albani Limited (Albani) incorporated in England under company number 5808405 is operated in accordance with ESG criteria and complies with GDPR regulations and FCA requirements (See: EthicalFinance).
Albani provides home owners with:
Specialist Open-Bridge Finance (Fall Back Price® and Provisional Price™)
CHAIN FREE® a chain-avoiding insurance type arrangement available through the Home Owners Plan™.
CHAIN MENDER® a chain-mending solution.
Subject to the home owner signing Albani Offer Documents Albani will provide home owner selecting:
CHAIN FREE® the offer of Fall Back Price®.
CHAIN MENDER® the offer of Provisional Price™.
Subject to the home owner’s solicitor serving Albani with valid Drawdown Documents Albani will within 5 days provide home owner selecting:
CHAIN FREE® with finance (Fall Back Price®).
CHAIN MENDER® with finance (Provisional Price™).
When you take the Fall Back Price® or Provisional Price™ (which you can use to pay off your mortgage as your house must be mortgage fee) our legal requirement is that your house is contemporaneously empty and vacant.
Advise
Albani can not advise you if you should take CHAIN FREE®, CHAIN MENDER® or VAL FREE®.
Albani can not recommend any financial product.
If you need advice you must consult a solicitor, broker or independent financial adviser.
Fintech
Albani conducts its business using the latest electronic technology.
Our cloud-based systems enable us to interface paper-free with customers, their solicitors, estate agents and other stakeholders.
All Documents (including the Plan T&Cs) are in a standard form and subject to HM Land Registry conditions can be signed electronically.
Coronavirus
Our Valuation Surveyors are members of the Royal Institute of Chartered Surveyors (RICS):
Our Valuation Surveyors inspecting your property for sale will follow RICS guidelines
