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Being in a chain - what does it mean?

A property chain refers to a group of people who are connected as they’re buying and selling one another’s properties.

Each vendor (the person selling a property) will have a solicitor, lender and an estate agent attached to it.

Note: If you’re a first time buyer moving into a vacant property then you won’t be involved in a chain and things could, potentially, move quicker.  This makes you a very desirable buyer for any potential seller.

Unfortunately, the chain will only move at the pace of the slowest person, so it’s important to keep on top of your admin duties and stay in touch with your solicitor, lender, and estate agent.