UK estate agent eliminates chain by lending the seller money

Brendan Burgess

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An interesting concept from Nested in the UK.

1) You can sell your house through them in the normal way and pay a fee of 1.2%.

2) You can agree an advance plan with them to advance you 93% of the sales price, but if you don't withdraw the advance, you still pay them 1.9%

3) If you withdraw the advance, you pay a fee of about 3.29% in total.

It's expensive, but a useful service if someone wants to buy another property and can't wait for the months it might take to sell their own home.

I don't know how good an estate agent Nested is though.

Brendan
 
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