A broken chain is every seller's worst nightmare, but is increasingly common.
Local estate experts estimate that around 30% of all property sales break down, usually as a result of broken chains. The chain is a line of sellers and buyers involved in simultaneous property transactions, each relying upon each other to achieve a successful outcome. The delay or cancellation of just one link within the chain can result in a knock on effect both up and down the chain, causing major financial problems and anxiety.
Banks and building societies have tightened up their lending criteria in recent years causing an increasing number of house sales to fall through at the last minute.
We can proceed quickly with a cash purchase, keeping your chain moving, to enable a positive outcome. In other words, a cash sale may be the answer if you if your buyer drops out late in the day.