- Who can we discuss your proposition with?
- Please call our CEO (and Founder), Anthony Apponyi DD: 01491 641 362.
- What is the customer proposition?
- Home owners who want to be a Fast Mover (we do not buy their house)
- What are our Fees?
- What about regulation?
- CHAIN MENDER® is not a regulated product
- Albani is authorised and regulated
- You give no advice and no recommendation only information
- No Valuation
- You only submit an Application
- Regulation
- CHAIN MENDER® is not a regulated product
- What is CHAIN MENDER®?
- CHAIN MENDER® is a Facility Letter with the guarantee of a Provisional Price™ (85% Surveyors Valuation) for the house your client is selling.
- They can drawdown (take) the Provisional Price™ at any time during a 3 week Facility Period on 5 days notice.
- IMPORTANT POINT: Your client’s solicitor must confirm to us they are holding a current Sale Contract for the property their client wants to buy otherwise they will not be able to take the Provisional Price™.
- If Plan Company sells their house for more than Surveyors Valuation Plan Company will give them an 80% Profit Share (with no deductions).
- CHAIN MENDER® is a Facility Letter with the guarantee of a Provisional Price™ (85% Surveyors Valuation) for the house your client is selling.
- What’s the difference between CHAIN MENDER® and bridging finance?
- No possibility of your client loosing their home
- Why would our clients want to sell for less than MV?
- With CHAIN MENDER® they won’t have to.
- Catch 22 – any price you offer will be lower than we can recommend they sell for?
- IMPORTANT POINT: In no circumstances do your clients have to sell for less than a price you recommend (MV)
- If your client decides to take Albani finance (Provisional Price™) it will be MV as you have been unable after proper marketing to sell their house resulting in an exchange of contracts for more.
- IMPORTANT POINT: In no circumstances do your clients have to sell for less than a price you recommend (MV)
- Sellers won’t want it until they need it, when a sale goes wrong or if they can’t sell for more?
- IMPORTANT POINT: That is the whole point of CHAIN MENDER® (a chain-mending solution).
- The homeowner’s solicitor must be holding a current sale contract for the property their client wants to buy.
- See: How it Works
- IMPORTANT POINT: That is the whole point of CHAIN MENDER® (a chain-mending solution).
- How do you handle misconnect between valuations?
- We do not require Estate Agents to provide a valuation
- Our RICS valuations are for mortgage purposes
- Valuations that are too optimistic/pessimistic benefit no one
- Our Panel Managers work with Valuers to ensure accuracy and consistency
- Our in-house Valuation Auditor carries out checks to prove the process if challenged
- Contemporaneous valuation audits by reference to database records
- We do not require Estate Agents to provide a valuation
- If the seller draws down the Provisional Price™ there will be a mortgage on their house when they make a mortgage application for the next property?
- The new lender will ask them if they already have a mortgage.
- Your client must answer “Yes” because a lender will ask them on completion “if there are other loans secured against another property?”
- Because your client has said “Yes” the lender will ask for details. Your client should say that they “have non-recourse finance from Albani and therefore no mortgage or home loan commitment.”
- The new lender will ask them if they already have a mortgage.
- Our agency achieves fast sales?
- If your clients wants CHAIN MENDER® it is because you have been unable to sell their house at their Asking Price
- Your clients desperately want to secure their next home with a Fast Sale (we do not buy their house) and Profit Share
- If your clients wants CHAIN MENDER® it is because you have been unable to sell their house at their Asking Price
- Sellers who buy their next house before you have sold theirs will have to pay a higher rate of SDLT on the second property?
- No
- Sellers will only pay the Standard Rate of SDLT
- We undertake to pay any Additional Rate of SDLT on the second property the seller buys
- No
- How do we get the home owner to chose our firm over the competition?
- IMPORTANT POINT: Making an Application will help to secure your client
- We do not provide home owners with names of Estate Agents, we are impartial and do not recommend or promote any firm
- Every month we advertise in Estate Agency Today, Property Eye and Negotiator and Email and text message financial introducers, 4,000+ high street Estate Agents and 1 Online Estate Agent with details of our products so it is up to the individual firm to decide which one is suitable for clients selling and applicants buying
- IMPORTANT POINT: Making an Application will help to secure your client
- What happens when our client takes the Provisional Price™?
- IMPORTANT POINT: It is a precondition of us instructing a high street Estate Agent to sell the home owners house that the firm accepts (Both)
- Your Fees
- Tell me about the Online agent?
- The Online Estate Agent must have on ground representation and accept (Only)
- Responsibilities at Drawdown Date (to attend the property to verify that the sellers house is empty and vacant so that the Provisional Price™ can be remitted to their solicitors
- Your Fees
- The Online Estate Agent must have on ground representation and accept (Only)
- Why have both online and high street agents?
- So sellers can chose the Estate Agent (Online or high street) that suits them
- We only work with 1 Online firm (a firm that has on-site representation)
- So sellers can chose the Estate Agent (Online or high street) that suits them
- When will our client have to sell their home?
- No
- Your client will only be legally committed to sell their home when their solicitor completes our Drawdown Notice with required documents
- No
- When is Albani committed?
- When your client receives the Offer Documents signed by us we are irrevocably committed to provide the Provisional Price™
- Your clients solicitors can obtain verification of our financial credentials from our Legal Department by quoting their URN (on the top of all correspondence from us).
- Our Legal Department is at legaldepartment@albani.finance or they can Contact Us
- When your client receives the Offer Documents signed by us we are irrevocably committed to provide the Provisional Price™
- What happens if our client is in a chain that has not broken?
- CHAIN MENDER® is a chain mending solution so you can only offer them CHAIN FREE®
- How do you protect your integrity?
- IMPORTANT POINT: We do not take fees or commissions from third parties (this applies to all products and services on our platform including those accessible at SMART MOVE®
- Suggestions for improving the estate agent and customer proposition?
- Please e-mail Anthony Apponyi (CEO and Founder) aa@albani.finance
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