Saturday, Feb 16, 2008
Chain free
East London & West Essex Guardian: Homes & Property Section
A local estate agent advertised twenty properties for sale in this week's property section, all under the heading "Chain free properties"
I rang to check and the lass was very friendly (probably not much else to do) and confirmed that yes, all twenty of them were chain free. I tried to wheedle out of her what the mix of sell-to-renters, panicking BTLers and repossessions was but either she didn't know or wouldn't tell me.
Is this normal? Aren't chain-free properties usually only a small minority?
Posted by mark wadsworth @ 12:38 PM (588 views) Add Comment
5 Comments
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1. renting2 said...
My local estate agent has no chain free properties for sale, he says they're very rare.
2. Yellerkat said...
Can't be that rare! How many deaths / shuffling off to "Care" Homes pa? 400,000?
3. uncle chris said...
I just see one word there - ESSEX ! Perhaps a desperation to get out prevails?
4. new user 2007 said...
No onward chain suggests that the people do not live there (they are not moving or they would be in a chain). OR they are either going to a new build or the next person in the chain is a BTL. But No Chain is definitely meant to be a minority of sales. If I had to make a bet I would say it was BTL selling.
I would be confident of that bet as in my area it is the same i.e. no chain, and there is very large BTL presence.
5. mark wadsworth said...
Thanks. So it is unusual, I know that I'd never seen it before.
NB our house was advertised as 'chain free' because we were selling to rent, so I think the definition of chain free is a bit wider than NU says.