What are the benefits of purchasing a chain free property?

6 March 2014

There are heaps of benefits to purchasing properties with no forward chain however, it’s important to explain what no chain properties actually are. 
They are simply property sales with no onward purchase. This could be customers that are going into rental or emigrating, landlords selling their investments, home builders selling part exchange properties, or even repossession properties sold by banks.
What’s so great about a property having no forward chain? 
The uncertainty of property chains is eliminated as the buyer is purchasing directly from a business or a customer that has no dependent onward purchase. 
You can imagine that in a property chain with say, nine houses, the chances of them all going through with no hiccups is minimal when compared with a chain free sale. Your home move is much safer, faster and much more likely to succeed full stop with no forward chain.
Where do they come from?
Good question! When a buyer purchases a new home from a developer, their existing property is often used as part-payment through a part exchange scheme, leaving the developer with the buyer’s old property after the transaction has been completed. Building societies and other mortgage lenders acquire property through repossession, prepossession and probate transactions.

There are heaps of benefits to purchasing properties with no forward chain however, it’s important to explain what no chain properties actually are.

They are simply property sales with no onward purchase. This could be customers that are going into rental or emigrating, landlords selling their investments, home builders selling part exchange properties, or even repossession properties sold by banks.

What’s so great about a property having no forward chain? 

The uncertainty of property chains is eliminated as the buyer is purchasing directly from a business or a customer that has no dependent onward purchase.

You can imagine that in a property chain with say, nine houses, the chances of them all going through with no hiccups is minimal when compared with a chain free sale. Your home move is much safer, faster and much more likely to succeed full stop with no forward chain.

Where do they come from?

Good question! When a buyer purchases a new home from a developer, their existing property is often used as part-payment through a part exchange scheme, leaving the developer with the buyer’s old property after the transaction has been completed. Building societies and other mortgage lenders acquire property through repossession, prepossession and probate transactions.

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