UK
Chain-free
A chain-free buyer has no property to sell before they can buy. A chain-free sale is one that does not depend on another related sale.
Also called No chain.
Check the claim
First-time buyers, and buyers who have already completed their own sale, are the usual chain-free cases. Ask where they live now and whether that home must be sold. “Nothing to sell” is a fact about their purchase. It is not proof they have a mortgage offer or the cash.
How it changes the vendor conversation
Vendors often prefer a chain-free buyer at a slightly lower price because the sale is shorter. Put that preference in the vendor’s own words when you report offers. Do not rank buyers by characteristics that have nothing to do with their ability to buy.
Questions
What does Chain-free mean?
A chain-free buyer has no property to sell before they can buy. A chain-free sale is one that does not depend on another related sale.
General information for agency staff, not legal advice. Rules and local practice change. Check the official source before you rely on a definition in a client letter.