V2
| EVENT | CHAIN FREE® | CHAIN MENDER® | |
| 1 | A chain-avoiding insurance type arrangement | A chain-mending solution | |
| 2 | Makes seller a Cash Buyer | Makes seller a Fast Mover | |
| 3 | Able to buy at a discount before selling | Able to relocate before selling when their solicitors cannot delay exchanging contracts on next property | |
| 4 | Most sellers will use to buy (recouping 1% Fee) and not take Finance | Most sellers will only use when no other option | |
| 5 | 1% Fee | 1% Fall Back Price® (min. £1,980) | NO |
| 6 | Administration Fee to Upgrade from DataSource Valuation to RICS Surveyors Valuation |
£340 | £340 |
| 7 | Application Submission | Any time | Any time |
| 8 | Drawdown Notice | 5 days and no later than 5 days before end of Facility Period |
5 days and no later than 5 days before end of Facility Period |
| 9 | Facility Period | 40 Weeks | 4 Weeks |
| 10 | Finance | Fall Back Price® | Provisional Price™ |
| 11 | Force Majeure | 90% LTV | NO |
| 12 | Home Owners Plan™ | Must join | NOT Applicable |
| 13 | LTV | 85% > 90% | 80% > 85% |
| 14 | Offer Documents | Incl. Plan T&Cs | NOT Applicable |
| 15 | Offer Documents signed by customer | No later than 10 weeks from ‘Added on’ Rightmove for sale | Conditional on seller’s solicitor holding current contract for property they want to move into |
| 16 | Plan Membership | 40 Weeks | NOT Applicable |
| 17 | Customer Profit Share | NA | 85% Valuation less Sale Price |
| 18 | Property Costs | Paid by Albani | Paid by Albani |
| 19 | Estate Agents Resale Fee | 1.5% | 1.5% |
| 20 | RICS Surveyors Property Inspection | No later than 3 days after 24hour ‘cooling off’ period | No later than 3 days after 24hour ‘cooling off’ period |
| 21 | Estate Agents Success Fee | £1,000 if agent sells (Seller does not take Finance) for more than Fall Back Price® within sellers Facility Period | £1,000 if agent sells (Seller takes Finance) for more than Valuation within 40 weeks from the date of Valuation |
| 22 | Upgrade from DataSource Valuation to RICS Surveyors Valuation | No later than 15 days before end of Facility Period |
No later than 15 days before end of Facility Period |
| 23 | Valuation | DataSource Valuation and RICS Surveyors Valuation | DataSource Valuation and RICS Surveyors Valuation |