The Cash Advance

• What happens after I take my advance?

  Once we pay out the advance, it is a condition of our contract, that you will be

• What does the due diligence process involve and how best can I prepare for the due diligence process?

  Our due diligence process involves our legal team reviewing title, property and m

• Can I stay in the property after I take my advance?

  Part of the terms of our advance is that you must vacate the property once you re

• Do you need to run a credit check on people in order to release the advance?

  We don't run credit checks on home sellers. The advance amount replaces your exis

• Do you have any price limitations on the properties you take on?

  We can only offer advances on homes valued between £300,000 and £1m. We may still

• What happens if my property sells for more than the advance?

  You will always receive the full sale price amount minus our fees.

• Can I use the advance if I purchased through the Help to Buy scheme?

  Given that Help to Buy schemes typically have certain restrictions on repayment a

• Are there any tax or stamp duty implications for me on my next home?

  If you take your advance to buy a new home before we sell your home, this means y

• What can I use my advance for? Do I have to buy another home with it?

  If you draw down the advance, you first have to pay off the outstanding balance o

• Who is the legal owner of the property after the advance is drawn?

  You remain the legal owner of the property until it is sold. The advance is secur

• Are there any conditions to the advance?

  Yes, the advance is a mortgage secured against the property and is subject to a f

• Can I use the advance with a shared ownership property?

  Unfortunately, we're unable to offer a advance on a shared ownership property. Th