Estate Agent Fees

IMPORTANT POINT: The home owner can choose any firm of High Street Estate Agents to sell their house and to submit this Application (or they can submit it themseves and choose 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).


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