What Is a property chain – and why can it cause delays?

Written By Alison Robinson

A property chain occurs when several property transactions are linked together, meaning each sale or purchase depends on another completing.

For example, a buyer may need to sell their current property before purchasing a new one. When multiple transactions are connected in this way, a chain is formed.

Because several parties are involved, delays in one transaction – such as outstanding searches or mortgage approvals or enquiries – can affect the entire chain.

At Owen Kenny Solicitors, we work closely with our clients to manage expectations and guide them through each stage of the conveyancing process. Find out more how we can help: www.owenkenny.com/residential-conveyancing or call us on 01243 790532

#BuyingAndSelling #PropertySale #SellingYourHome #Conveyancing #PropertyLaw

Alison Robinson
Previous

What is the Property Information form (TA6) – and why is it Important?
Next

Exchange vs Completion – what’s the Difference?