How can I ensure things run smoothly for me?
There’s no getting away from the fact that the process of buying a new home is complicated. However, if you plan well and understand all your options, then you’ll give yourself the best possible chance of limiting any disruption linked to property chains. Here’s a summary of the steps to take:
- Shop around for a great-value mortgage
- Make sure you budget for all the expenses you’re likely to face – such as solicitors fees, estate agent’s fees (if you’re selling), stamp duty (if you’re buying) and removal costs.
- Contact your estate agent and solicitor regularly and ask if there’s anything else they or you should be doing
- Keep copies of all documents relating to the buying and selling process – include notes of any phone conversations you have
- Take care to return any paperwork quickly – consider using couriers or special delivery to speed up the process
- Consider buying a home where the chain is short or non-existent – for example, if the property’s empty because it’s the owner’s second home
- If you're selling and have offers on the table, you might want to choose a buyer who isn't in a chain themselves, such as a first-time buyer.
The process of buying and selling property can be stressful, so prepare yourself for some disruption and delays along the way. If you respond quickly to requests and remain positive in looking for solutions, you’ll give yourself a good chance of a hassle-free process.