IMPORTANT POINT: Most home owners will use CHAIN FREE® (available through the Home Owners Plan™) to buy their next house for the best price and will not take the Fall Back Price® because their Estate Agents will have sold their old house for more. See: An Example
When you join the Plan:
You can buy against competition
You can use CHAIN FREE® to secure your next property with no legal commitment to take the Fall Back Price® and no legal commitment to sell your house
You have time to find the right mortgage and any additional finance required (if you are upsizing there may be a difference between the Fall Back Price® and the price of the property you want to buy)
You avoid abortive costs
You sell at your own speed
You have finance if you need it
You can use it to quickly buy when house prices are rising or to take your time when they are falling.
