Estate Agent Fees

IMPORTANT POINT: The home owner can choose any firm of High Street Estate Agents to sell their house (but it must be on Sole Agency) and to submit this Application (or they can submit it themselves and chose a High Street Estate Agent at a later date).

 

  • Home Owners Plan Limited (we or us) incorporated in England under Company Number 6944615 (See: Company Information) provides your clients with:
    • CHAIN FREE® a chain-avoiding insurance type arrangement through the Home Owners Plan™ (Plan) and
    • CHAIN MENDER® a chain-mending solution if their solicitor is holding a current Sale Contract for the property they want to quickly move into (your client does not join the Plan). 

CHAIN FREE®

Your client selecting CHAIN FREE® joins the Plan so they can say they are a Cash Buyer (we do not buy their house).

IMPORTANT POINT: Your client can join the Plan at any time within 4 weeks from the date of their Application providing their house has not been on the market for sale for more than 10 weeks (See: Application).


1. Your firm acting for your client when they do NOT take the Fall Back Price®
:

1.1 Your client will pay your Sole Agency Fee 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 during their Plan Membership (40 weeks commencing on the date of Surveyors Valuation) for more than the Fall Back Price® 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 TAKES the Fall Back Price®:

2.2 The High Street Estate Agent will be instructed by us for a 1.5% Resale Fee.

2.3 It is precondition of us instructing:

2.4 The High Street Estate Agent to sell the home owners house that the High Street Estate Agent accepts both:

2.4.1 Responsibilities At Drawdown Date 

2.4.2 Responsibilities After Drawdown Date

CHAIN MENDER®

Your client selecting CHAIN MENDER® (they do not join the Plan) so they can be a Fast Mover (we do not buy their house)


3. Your firm acting for us when your client TAKES the Provisional Price™ :

3.1 The High Street Estate Agent will be instructed by us to sell their house for a 1.5% Resale Fee.

3.3 IMPORTANT POINT: If your firm sells the home owners house for more than Surveyors Valuation within 40 weeks from Valuation we will pay your firm a £1,000 Success Fee in addition to the 1.5% Resale Fee.

4 It is precondition of us instructing:

4.1 The High Street Estate Agent to sell the home owners house that the High Street Estate Agent accepts both:

4..1.1 Responsibilities At Drawdown Date

4.1.2 Responsibilities After Drawdown Date

 

Useful links