CHAIN MENDER®

Treating Customers Fairly

  • Market Value:
    • Use CHAIN MENDER® only when you have to be a Fast Mover, can’t wait for your Estate Agents to sell your house and your solicitors can’t delay exchanging contracts on your next home.
    • The Market Value of your house is the highest offer your Estate Agent receives after proper marketing for sale when no higher offers have been received resulting in an exchange of contracts.
  • Applications:
    • Please ensure that all information submitted in your Application is true and accurate in all respects.
    • CHAIN MENDER® is only available if your solicitors are holding a current contract for the property you want to move into.
  • Upgrading:
    • You can upgrade at any time during your Facility Period but no later than 15 days before the end of your Facility Period.
  • We will return the Administration Fee:
    • If your solicitor informs our Legal Department that your house is not freehold and does not have a Land Registry Title Number.
  • Profit Share Agreement:
    • IMPORTANT POINT: Please leave your house spick-and-span as it will be sold empty and vacant.
    • Your Profit Share will be sent to your solicitors within 3 days from the date contracts are completed on the sale of your house.
  • You can:
    • Return to your house after taking the Provisional Price™ and retain ownership providing you repay us the Provisional Price™ before your house is sold (you gave us vacant possession). No Charges – No Costs
    • Rent your house after taking the Provisional Price™ and before it is sold (useful if your new home is not ready). Please Contact Us for details
  • IMPORTANT POINT:
    • Your solicitors can obtain verification from our Legal Department of our financial credentials by quoting your URN (on the top of all correspondence from us).
    • CHAIN MENDER® is  not a regulated mortgage contract. See: Regulation
  • If you take the Provisional Price™ and buy another property before your house is sold (we do not buy your house):
    • HM Revenue & Customs (HMRC) may charge you an Additional Rate of Stamp Duty Land Tax (SDLT) on the second property.
    • In these circumstances our Legal Department will give your solicitors an undertaking that we will pay them the Additional Rate (within 5 days before you complete contracts on the property you want to buy) so you only have to pay the Standard Rate of SDLT on the second property (we will subsequently be able to claim a refund of the Additional Rate from HMRC).
  • Your solicitors can obtain verification from our Legal Department of our financial credentials by quoting your URN (on the top of all correspondence from us).
  • Although our finance is interest-free we have to show the APR. See APR? which explains what this means.
  • You can decline permission to Albani to share information. See our Privacy Policy.
  • We do not recommend or promote any firm of Estate Agents and we do not take fees or commissions.