Ethics

  • Ethics are the moral principles governing or influencing conduct.
  • Neither Albani Limited nor any company associated with Albani, its shareholders, Directors or management will buy your house or take fees or commissions from third parties. This applies to all products and services on our platform including those accessible at SMART MOVE® 
  • CHAIN FREE®, CHAIN MENDER® and VAL FREE® interest-free Home Finance are fair and transparent financial products.
  • IMPORTANT POINT: Albani financial products and the Home Owners Plan™ are designed to introduce ethical finance to home owners.
  • We return the Administration Fee if after Valuation we do not offer you a guaranteed CHAIN FREE® Fall Back Price® or CHAIN MENDER® Provisional Price™ (provided there is nothing untrue or inaccurate in the Application Form), if your house does not have a Land Registry Title Number or if we do not send you the Offer Documents to sign.
  • IMPORTANT POINT: The Offer Documents (Finance Agreement and Instructions to your Solicitors) and Drawdown Notice (with specified enclosures), so you can take the Fall Back Price® or Provisional Price™ are all in a standard form.  All documents are ready for you and/or your solicitor, as appropriate, to fill in, sign, date and return to Albani Legal Department. Please note your solicitors must confirm to us the Land Registry Title Number for your house and provide us with a copy of your Energy Performance Certificate (EPC) otherwise you will not be able to take the Fall Back Price® or Provisional Price™.
  • If you take the Fall Back Price® or Provisional Price™ from Albani and your house is sold at less than the amount of the finance you will not be required to repay any shortfall.
  • With CHAIN FREE® and CHAIN MENDER® you cannot lose your home as you do not have to pay back the Fall Back Price® or Provisional Price™ (our finance is non-recourse).
  • IMPORTANT POINT: There is no interest applicable to the Fall Back Price® or Provisional Price™. 
  • If you take the CHAIN FREE® Fall Back Price® or CHAIN MENDER® Provisional Price™ we will not gazump buyers of your house (accept an offer from a buyer and subsequently accept a higher offer from another buyer for more money than the first buyer offered). Please see our Buyers Anti-guzumping Provision.
  • If you take our finance and then decide you want to return to your house before it is sold you can do so with no penalty or costs – all you have to do is refund us the finance.

CHAIN FREE®

  • CHAIN FREE® (a chain-avoiding solution making you a Proceedable Buyer) is available through the Home Owners Plan™ operated by an independent company, Home Owners Plan Limited (Plan) incorporated in England under Company Number 6944615.
  • IMPORTANT POINT: The purpose of the Plan is to give you the insurance of a Fall Back Price® for the house you are selling so you have time to sell for your Asking Price and certainly for no less than your Estate Agents recommend you accept (Market Value). Please See: CHAIN FREE® Home Owners Plan™
  • You have 4 weeks from Application to decide if you want to join the Plan to receive the insurance of a Fall Back Price® and to pay our Administration Fee. Time for your Estate Agents to “test the market” as there is no point in having insurance if you don’t need it.
  • If you take the Fall Back Price® and the Sale Price for the house you are selling is higher than Valuation you receive 80% Profit Share (Sale Price less Valuation) with no costs or deductions.

CHAIN MENDER®

  • CHAIN MENDER® (a chain-mending Fast Sale solution) gives you, if your solicitors are holding a current sale contract for the property you desperately want to move into but can’t until your house is sold,  a Provisional Price for your house until it is sold (we do not buy your house).
  • You have 1 week from Application and to decide if you want CHAIN MENDER® and to pay our Administration Fee.
  • If you take the Provisional Price™ and the Sale Price is higher than the Valuation you receive 80% Profit Share (Sale Price less Valuation) with no costs or deductions.

Management

  • We will donate up to 5% of our 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 2020 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.  http://barenboimsaidusa.org/
    • 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. http://www.msf.org/
    • Cricket For Change uses a shortened version of cricket called ‘Street 20’ to develop positive, long term links between groups of young people from a range of ethnic, religious and social backgrounds who may have limited or no positive interaction with each other.http://www.cricketforchange.org.uk/
    • 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.  http://www.seedsofpeace.org/about

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.