My prediction: moving tenancies onto periodic terms could quietly unlock the sales market, especially for family homes, by making it easier to break chains without taking a massive gamble.

Here’s the uncomfortable truth:
Chain-free deals are far less likely to fall apart.

And most family homes aren’t chain-free.

Chains collapse because there are a number of moving parts and chances for life to intervene:

• mortgage offers expire or affordability shifts

• surveys/down valuations trigger renegotiations

• delays stack up and confidence drains away

• one weak link stalls the whole thing

(This is on each individual property, for the maths lovers out there, the simple law of probability means the longer the chain the less likely it is to work).

So, what changes with periodic tenancies?

They create a third option that’s been awkward for years.

Instead of:

• trying to perfectly time a sale and purchase, or

• paying through the nose for short-term lets, or

• locking into a long-fixed tenancy and feeling stuck…

People can sell first, rent flexibly, then buy.

That does two important things:

1) It breaks chains and gives a much higher chance of success.
If you’re selling a family home, the “best” buyer isn’t always the highest offer.
It’s the one who can actually complete in a timely manner.

2) It creates stronger buyers.
When someone can say:
“We’ve sold. We’re renting. We’re ready.”
That offer lands very differently.

Less risk. Less drama. Less delay.

More flexibility.

Results from this week:

Warm regards,
The Carringtons Team

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