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Broken Property Chain who foots the bill?
Unfortunately the system we have in the U.K if you’re in the process of buying a property and selling one at the same time but can’t complete on the one you are buying unless the one you own sells this is called a chain.
If somebody within the chain changes their mind or has a change of circumstance or pulls out, the chain will collapse. You are then left with costs you have incurred, survey costs and aborted solicitors fees.

If you’re selling and the buyer drops out, keep solicitors and everyone in the chain informed while you search for another buyer. Consider lowering your asking price too, particularly if the price hovers near one of the Stamp Duty thresholds.
Find out why someone in the chain has pulled out – if it’s a money issue, it’s possible for everyone in the chain to agree to a reduced sale price. It’s a long shot, but it has been known to pay off in the past.

Contact us on 0800 612 1366 or fill out our enquiry form for a free cash offer and fix that broken chain