CHAIN MENDER®

Benefits

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  • What CHAIN MENDER® can do for you:
    • Selling, gives you finance (Provisional Price™) so you can quickly move and then share in the profit when your house is sold (we do not buy your house)
    • Moving, makes you a Fast Mover if you want to move into a new house or retirement property as soon as possible
  • When you have CHAIN MENDER®:
    • IMPORTANT POINT: You can quickly exchange contracts (as a Fast Mover) for the property you want to move into.
    • You will not have to pay any Additional Rate of Stamp Duty Land Tax (SDLT) on your second property (we will pay this).
    • You can take the Provisional Price™ at any time during your 3 week Facility Period by giving us 5 days notice.
    • If you take the Provisional Price™ (because your solicitors cannot delay exchanging contracts for the property you want to move into):
      • Our Drawdown Documents will include a Sale Contract (our Legal Department will add the buyers name) and Transfer for you to sign so we can sell your house.
      • You will not have to pay your Estate Agents a Sale Fee, we re-instruct them and pay their fee.
      • You will receive 80% of the Profit if the Sale Price of your house exceeds Surveyors Valuation (i.e. Sale Price less Valuation with no costs or deductions whatsoever).