What does “conveyancing chain” mean?

Year Published: 2019

In order to avoid the risks and expenses of owning two houses people usually choose to buy and sell their homes at the same time. As a result, a number of linked transactions arise, each dependent and connected to the other, therefore creating a “chain” of transactions. Exchange of contracts must take place simultaneously in all the transactions meaning that the speed of progress is dictated by the slowest link in the chain.

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