What is a Property Chain? | What is a Chain-Free Property?
#propertychain #chainfreeproperty #homebuyingtips #ukmoneyman #moneymantv
Looking to buy or sell a property and wondering what a property chain is? Or perhaps you're curious about the advantages of a chain-free property? In this video Malcolm Davidson, we break down both concepts in simple terms, helping you understand how a property chain can impact your buying or selling experience.
A chain-free property is a property that doesn't require any other transactions to take place before the sale or purchase can go through. This means that the buyer doesn't need to sell their current home to purchase the new one, and the seller doesn't need to buy a new home to sell the current one.
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*Chapters / Timestamps*
00:00 - Introduction
00:04 - What is a Property Chain?
00:08 - How Do They Work?
00:40 - How to Manage / Break a Property Chain?
00:53 - Contact Details
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*Disclaimer*
All views are purely that of Malcolm Davidson & do not constitute professional mortgage advice. Moneyman TV provides video coverage of the Mortgage Industry with the purpose of informing the consumer.
Topics covered refer to popular mortgage situations presented by real customers on a regular basis, including first time buyers, remortgages, home movers and many more.
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