A guide to housing part exchange

Part exchange may help eligible homeowners coordinate the sale of their existing property with the purchase of a qualifying new build home. This guide explains how the process works, the eligibility criteria and key points to consider. Availability, valuation, survey, legal checks and scheme terms apply.

What does part exchange mean on a house? 

House part exchange allows an eligible homeowner to sell their existing property directly to a developer as part of purchasing a qualifying new build home. The purchase of the existing property and sale of the new home are coordinated towards an agreed simultaneous completion, subject to valuation, assessment, survey, legal checks and scheme terms. Any offer is a commercial offer following valuation and assessment; it is not a formal market valuation.

Benefits of house part exchange 

• Your sale to County Town Homes is not dependent on finding an onward buyer.
• County Town Homes coordinates the purchase of your existing property with the sale of your qualifying new home.
• County Town Homes pays the fees of the estate agent it appoints. You remain responsible for ending and settling any existing agency agreement.
• Remain in your existing home until the agreed simultaneous completion.
• Part exchange is available on selected plots, subject to eligibility, valuation, survey, legal checks and scheme terms.

Can I part exchange my house?

Eligibility depends on your existing property, personal circumstances and the qualifying new build plot you wish to purchase. County Town Homes will assess each application individually. Current criteria include:

• Your existing property must be in a suitable, saleable condition and may be subject to survey.
• You must own the existing property and have sufficient equity to settle any outstanding mortgage.
• The existing property must not exceed 70% of the purchase price of the selected new home.
• The existing property must have a maximum value of £500,000.
• Part exchange is available only on selected plots and remains subject to valuation, assessment, legal checks and scheme terms.

Things to consider

• Any offer is a commercial offer following valuation and assessment; it is not a formal market valuation. Consider whether Part Exchange or a traditional sale is more suitable for your circumstances.
• Your existing property must be in a suitable, saleable condition and may be subject to valuation, survey and legal checks.
• Your existing property must not exceed 70% of the purchase price of the selected new home and must have a maximum value of £500,000.
• You must be able to settle any outstanding mortgage and fund the balance required to purchase the new home. Your solicitor will confirm the contractual deposit and cleared funds required.

Do County Town Homes offer part exchange? 

Yes. Part exchange is available on selected plots at Wrottesley Village, subject to eligibility, valuation, survey, legal checks and availability. Read our full part exchange T&Cs and view the current qualifying plots on our Part Exchange page.

• The Sycamore — Plots 15 & 37
• The Alder — Plot 92
• The Cedar — Plot 172
• The Larch — Plot 186
• The Pine — Plots 204 & 211
• The Aspen — Plot 209

Disucss Part Exchange with County Town Homes

Part exchange is available on selected plots at Wrottesley Village, subject to eligibility, valuation, survey, legal checks and availability. View the current qualifying plots on our Part Exchange page or contact our team to discuss your circumstances.