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Ethical Finance

  • Ethics are the moral principles governing or influencing conduct.
  • Our finance (CHAIN FREE® Fall Back Price® and CHAIN MENDER® Provisional Price™) is:
    • Available on 5 days notice.
    • Non-recourse (unlike a mortgage you have no legal commitment to repay it / we can only recover our finance from the sale of your house).
    • Open-bridge (no fixed repayment date which obliges you to re-pay by a specific date).
    • Non-status (we are not interested in your financial circumstances).
    • Interest-free.
  • Albani Limited is Authorised and Regulated by the Financial Conduct Authority (FCA) |  Reference No: 457682
    • We are not permitted to advise on regulated mortgage contracts (VAL FREE®).
    • CHAIN FREE® and CHAIN MENDER® are not regulated mortgage contracts. See: Company Information
  • Treating customers fairly, best practice and transparency are core to our business:
    • Our Offer Documents and Drawdown Documents are in a standard format and are online for you, your solicitors and advisors to see.
    • You are not legally committed to sell your home (we do not buy your house) or to take our finance until your solicitors send our Legal Department a  Drawdown Notice.
    • The FCA Consumer Duty rules:
      • Rules designed to deliver good customer outcomes and to protect consumers from foreseeable harm.
      • The Consumer Duty rules apply to Mortgage Intermediaries.
      • Albani Limited is a Mortgage Intermediary.
    • Although our finance is interest-free the Consumer Rights Act (CRA) requires us show the Annual Percentage Rate (APR).
      • Even though our legal documents say you do not have to repay our finance the CRA requires us to say that “your home may be repossessed if you do not keep up repayments on a Loan or on any other debt secured on it.”
    • All complaints will be handled personally by the CEO. Email: complaints@albani.finance
  • Consumers no longer trust the financial system and have an appetite for change (we believe this means full transparency):
    • Ethical finance (our finance) describes finance which takes into account not only financial returns but also Environmental, Social and Governance  (ESG) Criteria.
    • We do not buy your house.
    • Your Estate Agents fees are visible and clear and we do not ask them for their Opinion of Valuation.
    • We do not recommend or promote any firm of estate agents to sell your house or any firm of VAL FREE® mortgage lenders.
    • We do not recommend or promote any provider of SMART MOVE® products and services.
    • We do not take fees or commissions (this applies to CHAIN FREE®, CHAIN MENDER®, VAL FREE® and SMART MOVE®).
    • We will comply with the Consumer Duty rules in respect to our unregulated products (CHAIN FREE® and CHAIN MENDER®).
    • We do not advise and do not recommend any financial product (if you need advice you must consult a solicitor, broker or independent financial adviser).
    • We will return the Administration Fee if  your solicitor informs our Legal Department that your house is not freehold and does not have a Land Registry Title Number.
    • Buyers of houses sold by us on behalf of the homeowner (we do not buy houses) will be protected by our Buyers Anti-gazumping Provision.
    • We provide a phone number so you can contact us.
    • If you have any questions these will be answered by a senior member of staff not a robot. Contact Us
    • We act in accordance with the UK General Data Protection Regulation (UK GDPR) and will:
      • Not ask you for data to promote our own products. Privacy Policy
      • Only ask you for data (you must agree / positively opt in) in order that we comply with Financial Conduct Authority requirement for a Business Register.

CHAIN FREE®

  • Sellers Conundrum
  • You will never have to sell your house for less than Market Value. Treating Customers Fairly
  • You can use our offer of finance (Fall Back Price®) to secure your next home with no legal commitment to take the Fall Back Price® and no legal commitment to sell your house.
  • Upgrading (Option 1) when your house has a current market value of no more than £500,000:
    • From DataSource Valuation to RICS Surveyors Valuation.
    • If the RICS Surveyors Valuation is more than £500,000 we will not change our offer to you (it will be remain at Fall Back Price® 90% RICS Surveyors Valuation).
  • Terms and Conditions of the Home Owners Plan™  (part of our Offer Documents) can be viewed on this website.
  • CHAIN FREE® available for 20 weeks through the Home Owners Plan™ vs. 18 weeks average time to sell a house. The Advisory:
    • 7 weeks to get an acceptable offer from first marketing
    • 9 weeks from offer accepted to exchange
    • 2 weeks exchange to completion

CHAIN MENDER®

  • Movers Conundrum
  • You will never have to sell your house for less than Market Value. Treating Customers Fairly
  • You should use CHAIN MENDER® only when your solicitors can’t delay exchanging contracts on your next home and your estate agent needs more time to sell.
  • Upgrading (Option 1) when your house has a current market value of no more than £500,000:
    • From DataSource Valuation to RICS Surveyors Valuation.
    • If the RICS Surveyors Valuation is more than £500,000 we will not change our offer to you (it will be remain at Provisional Price™ 85% RICS Surveyors Valuation).

VAL FREE®

Governance

  • We will donate up to 5% of our annual profits to charities/non-profit making organizations that promote cross-cultural support and understanding provided they have absolutely no religious connection or bias. The charities / non-profit making organizations selected to receive donations to 31 March 2024 are:
    • Barenboim-Said Foundation coordinates the East-West Divan Orchestra and workshop for young people with the aim of combining musical study and development with the sharing of knowledge and understanding among people from cultures that traditionally have been rivals.
    • Medecins Sans Frontieres provide medical aid regardless of race, religion or politics and tries to raise awareness of the plight of the people they help.
    • Seeds of Peace does what no government can. It brings together young people, principally from different countries in the Middle East, to develop empathy and respect for each other and to give them the confidence to see the human face of their enemies by empowering them to emerge as tomorrow’s leaders.
    • World Land Trust protects and sustainably manages natural ecosystems of the world. To ensure their biodiversity, with emphasis on natural habitats and endangered species.
  • Albani will:

ANY LOAN WILL BE SECURED BY A CHARGE OVER THE PROPERTY YOU ARE SELLING. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.