Proceedable Buyer is a term used by agents when a buyer is in a position to move forward with a house purchase (to put forward an offer for the property they want to buy).
When you have CHAIN FREE® (available through the Home Owners Plan™) you can tell the seller’s agent that you are a Proceedable Buyer. You know that you can take our Offer of Finance/LTV (Fall Back Price®) in 5 days.
IMPORTANT POINT: Most home owners will use CHAIN FREE® to secure their next house at the best price and will not need to take the Fall Back Price® because their agent had time (20 weeks) to sell their old one for the highest price.
If the seller’s agent asks you to confirm that you are a Proceedable Buyer you can ask Your Solicitors to do so.
