- CHAIN FREE® is a chain-avoiding arrangement (available through the Home Owners Plan™) that gives you the insurance of a Fall Back Price® for the house you are selling (which must have a current Market Value of no more than £500,000). See: Application
- When you join the Plan (52 week Plan Membership) and sign the Offer Documents you will have CHAIN FREE® for a 20 week Facility Period (extendable to 40 weeks) commencing on the Valuation Date during which time you will be a Proceedable Buyer while your chosen Estate gent is selling your house for your Asking Price (we do not buy your house). See: Benefits
- If you join the Plan and sign the Offer Documents you will only pay the 1% Fee (Option 1: 90% Surveyors Valuation):
- If you take Fall Back Price® during your 20 week Facility Period (extendable to 40 weeks).
- If you sell your house during your Plan Membership.
- If you do not take the Fall Back Price® and during your Plan Membership you take your house off the market for sale (1% Fee payable in up to 1 Year (52 weeks).
- IMPORTANT POINT: Joining the Plan and signing the Offer Documents does not commit you to:
- Sell your house.
- Drawdown (take) the Fall Back Price®.
- See: An Example
- Because no company in Albani Group (See: Company Information) buys your house the Offer Documents sent to your solicitors include a Sale Contract (our Legal Department will add the buyers name) and Transfer for you to sign so if you decide to take the Fall Back Price® your house can be sold through the Plan.
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