• IMPORTANT POINT: CHAIN MENDER® will enable you to move before selling (if your house has a current Market Value of not more than £500,000) and your solicitors are holding a current Sale Contract for the property you want to move into but can’t because you haven’t sold your house (we do not buy your house). See: Application
  • If your house is slow to sell you can quickly move into a retirement property.
  • CHAIN MENDER® will give you a Provisional Price™ which you can take in 5 days for the house you are selling and so can move into your next home without delay. See: How it Works
  • You never have to sell your house for less than your Estate Agent recommends you accept (Market Value).
  • When your broken chain is mended with CHAIN MENDER® we will pay the Additional Rate of Stamp Duty Land Tax (SDLT) on your second property.
  • IMPORTANT POINT: If you take the Provisional Price™ you will not have to pay your Estate Agents a Sale Fee (we do not buy your house). We will instruct them to sell your house and pay them.
  • You have no personal responsibility to repay the Provisional Price™ even if your house is sold for less.
  • Problems:
    • The sellers solicitor is pressing your solicitor to quickly exchange contracts for the property you want to buy.
    • You can’t exchange contract because you can’t sell your house (and want to avoid expensive bridging finance).
    • You may lose the house you want to buy and end up with abortive legal and survey fees to pay.
    • You can’t sell quickly to a buyer with finance (buyers need time to get a mortgage).
  • Solved when you have CHAIN MENDER® with a Provisional Price™ (which you can take by giving us 5 days notice at any time during your 3 week Facility Period):
    • Tell the Estate Agent selling the property you want to buy that you are not in a chain. 
    • IMPORTANT POINT: You will be a Fast Seller able to quickly move before selling.   
    • If you take the Provisional Price™ and the Sale Price of your house exceeds the Valuation you will receive 80% of the Profit (Sale Price less Valuation with no costs or deductions whatsoever).

The house you want to sell must:

  • have a current Market Value of not more than £500,000
  • be freehold with a Land Registry Title Number

Within the next 12 months we hope CHAIN MENDER® will also be available for leasehold purpose built flats.