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How Big is Your Chain?

2 replies

Ramsey1989 · 05/01/2019 14:43

So from other popular threads I explained I recently accepted an offer provisionally as long as all details of the chain can be verified and are acceptable.

I just wanted to check the length of anyone's housing chains and how long they took to complete.

I believe our chain has four houses:

  • House 1: I'm buying, it's vacant and seller isn't buying anything.
  • House 2: I'm selling to buyer A (i', living is this so purchase/sale must coincide)
  • House 3: Buyer A is selling this to buyer B (buyer A is living in this so purchase/sale must coincide)
  • House 4: Buyer B is selling to buyer C who is a cash buyer (buyer B is currently in rented accommodation, so this property is vacant for buyer C).

As both buyer A & B seem motivated and want to move no later than March; I thought it might be worth accepting this offer and seeing how it pans out, my purchase is likely to be ready before all else as we have mortgage offer/ survey/ local authority searches and just needed a new buyer after ours pulled out - so I am naturally curious how long this might realistically take.

I know this is a 'how long is a piece of string' question, but I just wanted to see what other people's experiences have been being in the middle of a chain?

OP posts:
wowfudge · 05/01/2019 16:16

Is House 4 relevant to the chain if B is not living there and their buyer is a cash buyer? Or do they need to sell it in order to buy House 3?

It's doable but don't be surprised if it takes longer. You might want to consider ensuring the chain has exchanged before Brexit at the end of March.

Ramsey1989 · 05/01/2019 16:23

@wowfudge buyer B does need to sell house 4 to buy house 3; however as he isnt living in house 4, it is posdible he could exchange/ complete on sale before buyer A is ready to exchange/ complete on house 3.

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