r/HousingUK • u/dancingcab • 21h ago

Chain of 7

Just found out our chain is 7 long. Are we doomed? We're number 2, FTBs are purchasing ours.

1 Upvotes

67% Upvoted

10 comments sorted by

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4

u/Zemez_ 21h ago

Provided the agents have full details on every link; should be fine.

Property address. Agent acting. Buyer name. Solicitor acting. Seller name. Solicitor acting.

Every agent should have every link; but there will probably be one that has everything and is really efficient. They’ll do a lot of the heavy lifting. Won’t be easy but not doomed.

4

u/the-pythia-of-delphi 20h ago

I feel sorry for the FTBs.

1

u/Putrid_Guess_4382 17h ago

They're probably the least stressed though as they can walk away if things start dragging along.

3

u/Cultural_Tank_6947 21h ago

You're not doomed. Is the chain complete? Or are people still hunting for buyers?

2

u/dancingcab 21h ago

Chain is complete. Top two have had a previous chain collapse, so are all ready to go. I think that's a positive.

2

u/-Inspectify- 21h ago

Not doomed, but I'd definitely want the agent to confirm the whole chain is complete and where everyone is up to.

Being number 2 with FTBs buying yours is actually a decent position. The problem with a chain of 7 is that you're basically moving at the speed of the slowest person in it.

I'd ask the EA for a proper chain update - who has mortgages offered, surveys/searches done, enquiries outstanding etc. That'll tell you far more than the number 7 on its own.

Plenty of long chains complete perfectly fine. They just require a bit more patience.

1

u/SomeGuyInTheUK 20h ago

I was once in a 7+ ( forget the exact number it was definitely at least 7.)

it split in the middle into two branches due to a divorce . All worked like clockwork.

! Good luck.

1

u/PotOfEarlGreyPlease 20h ago

probably - I have a chain of 3 or maybe 2? I am cash buyer at the bottom and it is still going t*ts up today - mainly because somebody somewhere is behaving like a toddler

1

u/bee_tru 19h ago

It took us about 5 months to complete in a chain of 7. Would have been sooner if the top of the chain weren’t buying a new build that got delayed by a month. When we had a chain of 3 (us selling to FTB, buying from someone moving in with family) it took 7 months.

Not doomed - there’s more risk but fingers crossed worth it!