CHAIN BREAKING

A property chain break is one of the biggest causes of house sales falling through. However, now when a chain breaks or if you want to move chain free, there is a solution thanks to 2nd Chance Housing.

A chain break is a huge waste of effort and time and causes stress and frustration all round. When selling your home, you will often find your sale is part of a long property chain, where your sale is dependent on a number of others property sales. While the sale of your home may be proceeding normally, it takes just one sale further up or down the chain to stop or seriously delay yours.

Around 20% – 30% of property sales fail to lead to completion. An estimated 150,000 house sales last year fell through due to a breakdown in the chain. There are plenty of reasons why a  chain can break including gazumping, mortgage difficulties & properties undervaluing.

Everytime a link in the chain pulls out, it stalls all other sales in the chain until another buyer is secured. This process can easily take 3 – 4 months and often leaves sellers with no other option than to drop their selling price in order to achieve a quick sale.

In the past, if your property chain broke, some of your options were:

  • Lose the property you were buying, wasting the time and money you have spent in the process.
  • Take out an expensive bridging loan, risking further cash, hoping the chain can be fixed.
  • Sitback and hope your vendor will be patient and is not needing to move quickly.

Now, however, when a house sale chain breaks, established property buyers 2nd Chance Housing can help you.

How can 2nd Chance Housing help?

In short, we can buy your house, whether you or someone else in your chain has lost their buyer.

Our service either removes you from the chain completely, or enables the whole chain to complete. As CASH property buyers we Guarantee your sale and the cash to buy your next house.

How does it work?

It’s quite simple.  One of our purchase specialists will view your property to carry out an appraisal on our behalf, and will let you know what our offer will be upon inspection.

On accepting our offer, we will exchange contracts and complete on the day of your choosing subject to clear survey and legal title.

There is no cost or obligation in receiving an offer.  All fee’s are paid by 2nd Chance Housing.

What are the benefits of using 2nd Chance Housing?

  • You can guarantee the purchase of your new home
  • 2nd Chance Housing can complete the sale process quickly and to suit your timescales
  • Avoid the worries and costs of bridging loans or supporting mortgage, maintenance and insurance costs at two properties
  • You are removed from any further property chains and associated stresses
  • Your next house, its cost and your moving timescale is guaranteed, enabling you to relax

While 2nd Chance Housing would be buying your house at a discount, the crucial benefit is that your house sale would be Guaranteed and you won't lose all the money you've already spent on your sale (solicitor's fees, valuation fees, removals, mortgage fees etc).  You can move into the house you want and you can move on with your life and remove the stress involved in a property chain.

How can I find out more?

Contact us and tell us your situation on 0800 881 8102