Estate Agent Fees

 

IMPORTANT POINT: The home owner can choose any firm of High Street Estate Agents or an Online Estate Agent (a single firm to agreed by us. Coming soon…..) to sell their house and to submit this Application. A condition of the Application for either CHAIN FREE® or CHAIN MENDER® is that the home owner will agree a Sole Agency Fee with their chosen Estate Agent. 

 

  • 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).


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 (High Street Estate Agent or Online Estate) sells their house during their 40 week Plan Membership for more than the Fall Back Price® or DataSource Valuation 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 The Online Estate (if chosen by the home owner) will be instructed by us on a Resale Fee (to be agreed) on Joint Sole Agency with the High Street Estate Agent.

2.4 It is precondition of us instructing:

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

2.5.1 Responsibilities At Drawdown Date 

2.5.2 Responsibilities After Drawdown Date

2.6 The Online Estate Agent (if chosen by the home owner) to sell the home owners house that the Online Estate Agent accepts only:

2.6.1 Responsibilities At Drawdown Date (the High Street Estate Agent accepting Responsibilities After Drawdown Date).

CHAIN MENDER®

Your client selecting CHAIN MENDER® 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.

3.2 The Online Estate (if chosen by the home owner) will be instructed by us on a Resale Fee (to be agreed) on Joint Sole Agency with the High Street Estate Agent.

3.3 IMPORTANT POINT: If your firm (High Street Estate Agent or Online Estate Agent) 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 or for the Online Estate Agent (if chosen by the home owner) the Resale Fee (to be agreed).

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

4.3 The Online Estate Agent (if chosen by the home owner) to sell the home owners house that the Online Estate Agent accepts only

4.3.1 Responsibilities At Drawdown Date (the High Street Estate Agent accepting Responsibilities After Drawdown Date).

 

 

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