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What happens if someone in a chain pulls out?

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What happens if someone in a chain pulls out?

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The nightmare scenario! Because no-one is committed until contracts are exchanged then if one of the chain members pulls out normally the whole chain collapses. If you are in this situation it is worth finding out exactly why they have pulled out – it may be that it is related to money problems, and it may also be that the other parties in the chain would be willing to help out in order to see the chain stay alive. We have seen cases where each party in the chain took a cut in the sale price of a few thousand to ensure that someone was able to move and not break the chain. These cases are exceptional and require a lot of goodwill on behalf of all the parties concerned.

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