Timings

V4

 

Item CHAIN FREE® CHAIN MENDER®
1 Administration Fee 24 hour ‘cooling off’ period 24 hour ‘cooling off’ period
2 Application Confirmation email When Customer 1st  SUBMITS URN to open Your Home Page When Customer 1st  SUBMITS URN
to open Your Home Page
3 DataSource Valuation When Customer 1st  SUBMITS URN to open Your Home Page When Customer 1st  SUBMITS URN
to open Your Home Page
4 Drawdown Notice Fixed 5 days Fixed 5 days’ notice
5 Drawdown Notice last date No later than 5 days before end of Plan Membership No later than 5 days before end of Facility Period
6 Estate Agent contact details Fixed at Application Fixed at Application
7  Solicitors contact details Fixed at Drawdown Documents Fixed at Drawdown Documents
8 Plan Membership Fixed for 140 days from date of Joining the Plan N/A
9 Facility Period   Fixed 48 days from DataSource Valuation
10 Joining Plan No later than 10 weeks from ‘Added on’ Rightmove for sale NA
11 Plan Membership Fixed from Signing Offer Documents to end of Plan Membership NA
12 Profit Share NA Fixed 5 days from sale completion
13 RICS Surveyors Property Inspection  No later than 3 days after 24 hour ‘cooling off’ period No later than 3 days after 24 hour ‘cooling off’ period
14 RICS Drive-By No later than 2 days from Drawdown Notice No later than 2 days from Drawdown Notice
15 Signing Offer Documents No later than 10 weeks from ‘Added on’ Rightmove for sale NA
16 Upgrade from DataSource Valuation
to RICS Surveyors Valuation
 No later than 15 days before end of Plan Membership No later than 15 days before end of Facility Period

See: Process