What is a 'Chain'?

A chain describes a line of people who need to both sell and buy a property. 

For example, say you are buying a property from someone and they are moving into a new home that they are purchasing from another person as well, that is an upward property chain. This means that your completion date (when you move in) is likely to be affected by the date your seller can move into their next home too. 

If you are purchasing a new build home from a developer/housebuilder, they will have no upward chain, however resale properties may be in a chain depending on the circumstances.


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