Buying and selling at the same time can form what is commonly known as a ‘chain’.
A chain is where people buy and sell properties with linked transactions. The chain can vary in length dependant on the number of people who wish to buy and sell in the same transition. The issue with a chain is that you must sell your property first to release the money to allow you to buy. However, each transaction is separate and therefore the speed of progress of all the transactions relies on the slowest. Also, if one transaction fails then it can mean that all the transactions in the chain fail.
We have over 100 years’ experience in dealing with property transactions. We will be able to guide you through the process to ensure that your transaction goes as smoothly as possible. We have offices in both Matlock and Wirksworth and cover Ashbourne, Bakewell and throughout Derbyshire.
If you have a question, please do not hesitate to contact our property lawyers or alternatively you can look at our frequently asked questions pages.
If you don’t know your leasehold from your freehold, then get our Free Conveyancing Guide. It contains details about the steps you will need to take with any property transactions. The Guide giving you detailed guidance on what your lawyer will be doing for you and what to look out for.
Lovedays Solicitors, Potter and Co Solicitors and Andrew Macbeth Cash and Co Solicitors are the trading names of Derbyshire Legal Services Limited (Company Registration Number 08838592) whose registered office is at Lovedays Solicitors, Crown Chambers, 6 Bank Road, Matlock, Derbyshire, DE4 3AQ.
The Directors of Derbyshire Legal Services Limited are C.D.Gale and R.LL.Roberts. The Company is otherwise authorised and regulated by the Solicitors Regulation Authority whose rules can be accessed at www.sra.org.uk