Ethical Finance

  • Ethics are the moral principles governing or influencing conduct.
  • Our finance (CHAIN FREE® Fall Back Price® and CHAIN MENDER® Provisional Price™) is:
    • 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.
  • Treating customers fairly is core to our business (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 recommend or promote any firm of Estate Agents to sell your house.
    • We do not buy your house. Company Information
    • We do not advise and do not recommend any financial product.
    • We do not take fees or commissions.
    • 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.
    • We act in accordance with the UK General Data Protection Regulation (UK GDPR) and will:
      • Not ask you for data to promote our products (CHAIN FREE®, CHAIN MENDER® and SMART MOVE®). Privacy Policy
      • Only ask you for data (you must agree / positively opt in) in order that we comply with Financial Conduct Authority (FCA) requirement for a business register.
    • If you buy a house sold through the Home Owners Plan™ you will be protected by our Buyers Anti-gazumping Provision.

CHAIN FREE®

  • Sellers Conundrum
  • You will never have to sell your house for less than Market Value. Treating Customers Fairly
  • When you make an Application for an Additional Facility Period of a further 20 weeks (a total of 40 weeks):
    • If the revised Fall Back Price® is higher our 1% Fee will not increase (it will be calculated on the original Fall Back Price®).
    • If the revised Fall Back Price® is lower our 1% Fee will be reduced (it will be calculated on the revised Fall Back Price®).
  • 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 MENDER®

  • Movers Conundrum
  • You will never have to sell your house for less than Market Value. Treating Customers Fairly
  • 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).

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 2023 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.