- Our Offer of Finance/LTV (Fall Back Price®) for the house you are selling when you join the Home Owners Plan™ will be:
- For houses up to £500,000
– 90% DataSource Valuation or 90% RICS Surveyors Valuation - For houses over £500,000
– 85% DataSource Valuation or 85% RICS Surveyors Valuation - Available
– during your 20 week Plan Membership
– on 5 days notice from the date you join the Plan - Non-recourse
– unlike a mortgage you have no legal commitment to repay our finance / we can only recover our finance from the sale of your house
– if you take our finance (we do not buy your house) we will ask you to sign a Sale Contract (our Legal Department will add the buyers name) and Transfer so your house can be sold through the Plan and we can recoup our finance - 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
- Plan Membership Fee
– 1% Fall Back Price® (See: Plan T&Cs Clause 3 and 4 for full details)
– If you take the Fall Back Price® the 1% Fee is deducted from the Fall Back Price®
- For houses up to £500,000
- See: Benefits
- See: Regulation
We can not advise you if you should take any of our financial products. We can not recommend any financial product. If you need advice you must consult a solicitor, broker or independent financial adviser.