Property

[Srijeelanka]

what means if mention as ''will be sold with no onward chain''?

what means if mention as ''the property has no upper chain''

[CheekyChops]

I told you what it meant on Friday, didn't you believe me?

http://www.theanswerbank.co.uk/Home-and-Garden /Property/Question610664.html

It means that the people you are buying from are not buying another house themselves.

[showcatbenga]

A housing chain is formed by a number of buyers who are each dependant on selling - another party buying their existing property - to move forward with their own purchase.
A has to sell before they can complete on B's house.
B has to complete their sale to A before they can buy C's house.......& so on. If one sale falls through the whole chain will collapse.
I think both phrases mean the same thing. The seller is not waiting on the sale completion to buy another house. For example if a parent dies or goes into care their house would have no chain when sold. First time buyers are not part of a chain either.

[Srijeelanka]

i am new to uk from an asian country. planning to buy a new house. but the terms using in uk is completely diffrent and new. when i ask my friends they couldn't give correct answer.

at any cost i want to know each and every simple matter and terms regarding the building and property before i spent a big amount.

Thanks to the editor and those answer.