CHAIN MENDER®

What is CHAIN MENDER®?

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  • What are Chains?
  • CHAIN MENDER® is a chain-mending solution with a Profit Share.
  • CHAIN MENDER® is a guarantee that at any time during 4 weeks from the date of our DataSource Valuation of the house you are selling you can take our finance of 85% DataSource Valuation (for houses up to £500,000).
  • If you think a home visit will result in a more accurate valuation you can upgrade from DataSource to RICS Surveyors Valuation.
  • For 4 weeks you will be a Fast Mover (up to our finance) before selling.
  • IMPORTANT POINT: Use CHAIN MENDER® only when your estate agent needs more time to sell for your Asking Price and your solicitors can’t delay exchanging contracts on your next home.
    • Your solicitors must be holding a current contract for the property you want to move into and your house must be on Rightmove for sale.
    • We do not buy your house which you never have to sell for less than Market Value.
  • Our finance is:
    • Available on 5 days notice
    • Non-recourse (unlike a mortgage you have no legal commitment to repay our finance / we can only recover our finance from the sale of your house)
    • Open-bridge (no fixed repayment date which obliges you to re-pay by a specific date)
    • Non-status (we are not interested in your financial circumstances)
    • Interest-free
  • See: Benefits
  • IMPORTANT POINT: We can not advise you if you should take any of our financial products. We can not recommend any financial product. If you need advice you must consult a solicitor, broker or independent financial adviser.

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.