Keep in the Chain

In the current economic climate, it is a story heard all too often from home movers, first time buyers and estate agents alike.

When a housing chain breaks down, it adversely affects numerous people and in today's troubled home market, the problems are particularly acute for those stuck in a chain with no buyer for the bottom property as the continuing shortage of first time buyers and buy-to-let investors means many sales chains simply cannot progress. However help is now at hand thanks to an innovative business model for house sales brought to you by a new company called The Chain Solution which has been designed to bring fresh impetus to all sections of the housing market.

The brainchild of property professionals Neil Payne and Tim Rogers and business experts Paul Kelsey and Graham J. Bailey (who are available for interview), The Chain Solution offers a unique scheme whereby the company purchases the bottom property at between 95-97% of its market value, allowing the chain to proceed. A small completion fee is then charged to each of the vendors in the chain but this is proving highly attractive when the alternative is a chain not proceeding and the properties involved being returned to a depressed market for a substantially reduced figure.

The beauty of the system is that whatever your involvement with a chain, you can get things moving with The Chain Solution. If you're at the bottom of the chain, they will consider buying your property at between 95-97% of its current market value, compared to the 60-70% offered by traditional 'chain breakers' and if you are stuck anywhere else in the chain and are prepared to take a small reduction on your sale price, The Chain Solution will enable you to complete quickly, without stress and without a big hit in value. The Chain Solution system also pays estate agents a generous commission for recommending the system as well as their standard sale commission and the company employ a reputable national firm of chartered RICS surveyors to survey the property and establish the current market value at a rate that is fair for all concerned.

Another big advantage to buyers and agents is The Chain Building Solution. If you have a first time buyer property that due to the current climate is not shifting then we can step in. We will agree a purchase price for the property that is within our usual parameters (95% to 97%) and as long as your vendor is moving up then you can build the chain from this point. Many Agents are building a complete chain from within their own stock although it does not have to be. It will also be easier to negotiate our fee in the price at this initial stage. As agents you can still earn commission on each property in the chain as well as your sales commission.

But what is most newsworthy about The Chain Solution is the unique and much needed assistance they offer to first time buyers. Because the vast majority of properties The Chain Solution purchases to help chains progress are at the bottom of the chain and most of these properties are ideal opportunities for first time buyers to get on the property ladder they have factored in a remarkable 'Robin Hood element' to the scheme and are prepared to offer homes to first time buyers at 85% of market value, thereby effectively funding the deposit and allowing the first time buyer to borrow 100% of the purchase price.

So whether you are estate agents, a home owner looking to move up the housing ladder or a first time buyer, The Chain Solution system could well be the answer to the current housing crisis that everyone is looking for right now.

For more information about The Chain Solution, please contact the Property Purchasing Team which is managed by Zoe Norris and Michelle Walker on 0844 875 1450 or email us at info@thechainsolution.co.uk. Our website answers a variety of frequently asked questions, we’re at www.thechainsolution.co.uk.