Quiz - Customer Documentation
True
False
Once they have signed the List First Estate Agency Conditions
Always 13 days after listing at our recommended price
After 14 days of listing at our marketing strategy, but might take longer and is subject to the customer meeting our Advance criteria
30 days after listing at our recommended price
3 documents - the List First Estate Agency Conditions, Estate Agency Conditions and Advance Offer
3 documents - the List First Estate Agency Conditions, Advance Offer and Advance Illustration
5 documents - the List First Estate Agency Conditions, Advance Offer, Advance Illustration, Advance Conditions and Tariff of Charges & Definitions
1 document - the Advance Offer Doc
Percentage of Sale Price
Percentage of whichever is higher of the Advance or the Sale Price
Percentage of the Advance
Percentage of whichever is lesser of the Advance or the Sale Price
True
False
Any time before the funds for the Advance are released (drawdown) & before we have sold the property
Only at the point we make the Advance Offer
Only if we can't sell the property within 12 months
None of the above; they can't withdraw
True
False
2nd April 2019, as April Fools Day is not a good day to move house
7 working days before drawdown of the Advance
On or before the date they drawdown the Advance
Any time prior to completion of their sale
True
False
True
False
Yes, but only if they will let out the property on Airbnb while away and the rental income is paid to Nested
No, because they won’t be home to tidy the house for viewings
Yes, but only if they drawdown just what is required for the trip, as the contract allows partial drawdown
No, because we only allow drawdown of the Advance if a customer has an onward purchase (or another specified purpose within our discretion which we agree to)
Because it is helpful for the customer to have a general idea of the terms of the Advance
Because the Advance is a regulated mortgage and the Financial Conduct Authority requires us to provide an illustration to customers
Because it contains Nested's requirements for using the Advance
Because it gives the customer information about the Financial Conduct Authority
True
False
The 3% SDLT Surcharge, up to £45,000
The full £75,500
£45,000 only
Either 3.5% or £45,000
Advance Offer and Advance Conditions
Estate Agency Conditions
List First Estate Agency Conditions
Advance Illustration