CHAIN FREE®

What is CHAIN FREE®?

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  • CHAIN FREE® is a chain-avoiding insurance type arrangement available through the
    Home Owners Plan™ for a 1% Fee (we do not buy your house) :

    • You can say you are a Cash Buyer up to our finance (Fall Back Price®) because you know you can take the Fall Back Price® on 3 days notice during a 20 week Facility Period.
      • Non-recourse (you have no legal commitment to repay the Fall Back Price®)
      • Open-bridge (no fixed repayment date unlike a mortgage and bridging finance which obliges you to re-pay by a specific date)
      • Non-status (we are not interested in your financial circumstances)
      • Interest-free
    • IMPORTANT POINT: The Plan helps you quickly buy against competition while your own Estate Agents are selling your house.
      • The Plan does not legally commit you to take the Fall Back Price® or to sell your house.
      • If you take the Fall Back Price® the 1% Fee (1% Fall Back Price®, minimum £1,980) is deducted from the Fall Back Price®
      • Regulation
ANY LOAN WILL BE SECURED BY A CHARGE OVER THE PROPERTY YOU ARE SELLING. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.