Our finance (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 want to 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
IMPORTANT POINT: 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.
