THANK YOU
The team will be in touch as soon as we can.
Please make sure to whitelist our email ([email protected]) to ensure you don't miss any messages from us.
FAQs
-
Part Exchange is a process where you trade in your current home as part payment toward your new property, eliminating the need to find a buyer on the open market.
-
Eligibility often depends on factors like your home’s value, condition, and location.
Most providers will assess your property and let you know if it qualifies.
-
A professional valuation will be conducted by surveyors to ensure a fair and accurate offer.
-
While Part Exchange offers may sometimes be slightly below full market value, the convenience, speed, and savings on fees often outweigh the difference.
-
No. Part Exchange bypasses the need for traditional estate agent listings and their associated fees.
-
Usually, the valuation is fixed at the time of the offer.
If markets change, your agreed offer won’t fluctuate, providing you with certainty.
-
Moves can often happen much faster because you’re not waiting for a chain of buyers.
You can usually set a mutually agreed timeline with the developer.
-
Once you agree to the Part Exchange terms, you typically won’t need to consider other offers since your sale is guaranteed.
-
You’re not obligated to proceed.
If you don’t find a suitable property, you can simply walk away and explore other options.
-
Yes, but you’ll need to ensure the Part Exchange offer covers your outstanding mortgage amount or have a plan to clear any shortfall.
-
A survey is often part of the valuation process.
The Part Exchange provider will handle the necessary checks to determine your home’s condition and value.
-
Usually, houses or flats within a certain price range are considered.
Requirements vary, so it’s best to check our Part Exchange homes page.
-
Yes. Properties in desirable areas tend to be more suitable for Part Exchange, but this can vary by provider and local market conditions.
-
Some providers may allow negotiation, but typically the offer is based on professional valuations and market data, leaving little room for haggling.
-
Timelines vary, but one of the perks of Part Exchange is flexibility. You can often arrange a completion date that suits both parties.
-
Most agreements allow you to back out before contracts are signed, but check the terms. Once contracts are exchanged, you’re typically committed.
-
Yes. Having a solicitor or conveyancer ensures the legal aspects of buying and selling are handled correctly and smoothly.
-
With Part Exchange, the developer or provider essentially becomes your buyer, removing uncertainty, reducing stress, and speeding up your move.
-
Yes. One of the main benefits of Part Exchange is the ability to move faster, since you’re not waiting for someone else to purchase your current home.