Fees

The home owner must agree Sole Agency with your firm (if the home owner takes our finance we will re-instruct your firm to sell their house). Because we do not buy their house the Drawdown Documents include a Sale Contract (our Legal Department will add the buyers name) and Transfer for the home owner to sign.

Albani Limited (we or us) See: Company Information
You submiting Section 3 of the Application on behalf of your Estate Agency (your firm) See: Application (opinion of valuation not required)

CHAIN FREE®

1. Your firm acting for your client when they join the Home Owners Plan™ and do NOT take the Fall Back Price®:

1.1 Your client will pay your firms Sole Agency Fee (agreed with them) if they do not take the Fall Back Price® and your firm sells their house.

1.2 IMPORTANT POINT: If your client does not take the Fall Back Price® and your firm sells their house for more than the Fall Back Price® within 20 weeks from Valuation (Facility Period) we will pay your firm a £1,000 Success Fee in addition to the Sole Agency Fee paid by your client to your firm.

2.Your firm acting for us when your client joines the Plan and TAKES the Fall Back Price®:

2.1 Your firm will be instructed by us to sell the home owners house for a 1.5% Resale Fee.

2.2 It is precondition of us instructing your firm to sell the home owners house that your firm accepts both Responsibilities below.

CHAIN MENDER®

3. Your firm acting for us when your client TAKES the Provisional Price™ (they do not join the Plan):

3.1 Your firm will be instructed by us to sell the home owners house for a 1.5% Resale Fee.

3.2 IMPORTANT POINT: If your firm sells the home owners house for more than Valuation within 20 weeks from Valuation we will pay your firm a £1,000 Success Fee in addition to the 1.5% Resale Fee paid by us to your firm.

3.3 It is precondition of us instructing your firm to sell the home owners house that your firm accepts both Responsibilities below.

RESPONSIBILITIES

Responsibilities At Drawdown Date

Responsibilities After Drawdown Date