CHAIN FREE®

Benefits

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  • What CHAIN FREE® (available through the Home Owners Plan™ ) can do for you:
    • Selling, gives you a safety-net of our finance (Fall Back Price®) for 20 weeks (extendable to 40 weeks) while you are trying to sell your house for your Asking Price.
    • Buying, enables you to say you are a Cash Buyer so you can negotiate the best price for the property you want to buy.
  • When you join the Plan:
    • You can say you are a Cash Buyer to quickly secure your next property for the best price (you know if you can’t wait to sell your house for your Asking Price you can take the Fall Back Price® on 5 days notice) with up to 40 weeks for your own Estate Agents to sell your house for your Asking Price
    • You can use CHAIN FREE® to buy at a discount with no legal commitment to take the Fall Back Price® or to sell your house
    • You never have to sell your house for less than Market Value (we do not buy your house)
    • You avoid abortive costs
    • You have time to find the right mortgage
  • You can choose any firm of High Street Estate Agents (as sole selling agents) to sell your house. See: Application
  • IMPORTANT POINT: Most home owners will use CHAIN FREE® to negotiate the best price for their next house and will not take the Fall Back Price® (because their Estate Agents had 20 weeks to sell their old house for their Asking Price)

The house you want to sell must:

  • have a current Market Value of not more than £500,000
  • be freehold with a Land Registry Title Number