CHAIN FREE®

How it Works

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        • Please read the Sellers Conundrum.
        • When you have CHAIN FREE® (available through the Home Owners Plan™ ) you will be a Cash or Proceedable Buyer for 20 weeks at 90% DataSource Valuation (Fall Back Price®).
        • Houses £250,000 > £700,000 current market value.
        • You can join the Plan no later than 8 weeks from the date your house was “Added on” Rightmove for sale.
        • Cost of joining the Plan

          • Plan Membership Fee: 1% Fall Back Price® (1% Fee) is back-ended with No Sale – No Fee. See: Treating Customers Fairly
          • If you take the Fall Back Price® the 1% Fee is deducted from the Fall Back Price®.

    The following dates show you what can happen if you (or Your Agent) makes an Application and you decide to join the Plan today.

  • {{chain_free_deadline_to_join_plan}} Today you receive our Application Confirmation email.

    You login.

    You, Your Solicitors and Your Agent (for the house you are selling) can now view: our DataSource Valuation, Fall Back Price®, Home Owners Plan™ T&Cs, Offer and Drawdown documents.

    You pay our Fee for ID check.

    You join the Home Owners Plan™ (with no legal commitment to take the Fall Back Price® or to sell your home).

    The start of your 20 week Plan Membership.

    IMPORTANT POINT: Please see the Example which shows what you can now do.

  • {{chain_free_deadline_to_draw_down}}The end of your 20 week Plan Membership.

    Only if you take the Fall Back Price® will your house be sold.

    If during your Plan Membership you want to take the Fall Back Price® (because you can’t wait to sell for your asking price) Your Solicitors must submit a Drawdown Notice.

    IMPORTANT POINT: You are not legally committed to sell your home (we do not buy your house) or to take the Fall Back Price® until Your Solicitors send the Drawdown Notice to our Legal Department.

    Because we do not buy your house the Drawdown Documents include a Sale Contract (our Legal Department will add the buyers name) and Transfer for you to sign so your house can be sold and we can recoup the Fall Back Price®.

    If you take the Fall Back Price® you must contemporaneously give us vacant possession and pay off any outstanding mortgages (which you can do with the Fall Back Price®).

    If you take the Fall Back Price® you will not have to pay Your Agent a Sale Fee (we have not bought your house).

    We re-instruct Your Agent to sell your house.

    Our typical rate for CHAIN FREE® is 12.1% APR