Originally posted by AtW
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So you find a buyer for your small property, you then find a larger property you want to buy, whose property owners find a property they want to buy and so on. Then you all exchange contracts on the same day and complete within a couple of days of each other.
However if one person pulls out the chain collapses. This is why a smaller chain e.g. one with a first time buyer or a landlord at the smaller property end and someone who is not buying at the larger property end is preferred.
Also if you could buy a larger property in a year just buy the larger property now and get a small mortgage.
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