TERMS & CONDITIONS

PART EXCHANGE

1. Eligibility 

1.1 The Part Exchange Scheme (“the Scheme”) is available on selected developments and plots only, subject to availability and status. 
1.2 The Existing Property must not exceed 70% of the purchase price of the new property, subject to a maximum value of £500,000. 
1.3 County Town Homes reserves absolute discretion to determine eligibility and may decline or withdraw participation in the Scheme at any time prior to exchange of contracts.

2. Property Assessment

2.1 All properties proposed for Part Exchange (“the Existing Property”) are subject to assessment by County Town Homes, including (but not limited to) construction type, tenure, location, condition and marketability. 
2.2 County Town Homes is under no obligation to make an offer following assessment.

3. Application Process

3.1 Applicants must complete the Part Exchange application form, sign the Reservation Agreement and pay the applicable Reservation Deposit. 
3.2 Any valuation figures provided by the applicant or their agents are indicative only, non-binding and relied upon at the applicant’s own risk.

4. Valuation, Inspection & Due Diligence

4.1 Applicants must provide access to the Existing Property within 3 working days of request for valuation, inspection and survey. 
4.2 Any Part Exchange offer is a commercial offer, not a formal market valuation, and reflects anticipated resale value, costs, risk and funding considerations. 
4.3 Offers are made on the assumption of resale within approximately 8–10 weeks, subject to market conditions.

5. Offer Terms

5.1 All Part Exchange offers are: 

• Subject to satisfactory survey, inspection and title review 

• Conditional upon the Existing Property having good, clean and marketable title 

• Valid only for the period stated in the offer letter 

5.2 County Town Homes reserves the right to amend or withdraw an offer at any time prior to written acceptance.

6. Acceptance & Exchange

6.1 Written acceptance of the Part Exchange offer must be received within the validity period stated in the offer letter. 
6.2 Upon acceptance, applicants must immediately instruct solicitors and proceed diligently to meet the 42-day exchange requirement (unless otherwise agreed in writing). 
6.3 Failure to progress reasonably may result in withdrawal of the Part Exchange offer and cancellation of the reservation.

7.Legal Costs, Title & Third-Party Matters

7.1 Applicants are responsible for ensuring the Existing Property has good and marketable title. 
7.2 Any third-party costs required to satisfy title enquiries, including but not limited to indemnity insurance, missing certificates, planning or building regulation documentation, remain the applicant’s responsibility. 
7.3 County Town Homes will not fund or contribute toward indemnity policies or third-party remedial costs unless expressly agreed in writing.

8. Estate Agency

8.1 Applicants must terminate any existing estate agency agreements prior to Part Exchange, at their own cost. 
8.2 County Town Homes will appoint estate agents to market the Existing Property and will pay the agreed agency fees relating to that appointment.

9. Marketing & Resale

9.1 County Town Homes will market the Existing Property at a price it considers appropriate, acting reasonably and in its commercial interests. 
9.2 Price reductions may be implemented as required to achieve a sale. 
9.3 Applicants acknowledge that County Town Homes is entitled to retain any resale surplus to offset associated costs, risks, interest and overheads. 

10. Balancing Payment

10.1 For the avoidance of doubt, no balancing payment is payable to the applicant where the resale price exceeds the Part Exchange Offer Price. 
10.2 The Part Exchange Offer Price represents the full and final consideration payable for the Existing Property, subject to these Terms & Conditions.

11. Completion

11.1 Completion of the sale of the Existing Property must occur in line with the completion of the new property purchase or within such period as County Town Homes reasonably determines. 
11.2 Full vacant possession must be provided on completion. 
11.3 Applicants remain responsible for utilities, council tax, service charges and other outgoings up to legal completion.

12. Fixtures, Condition & Compliance

12.1 All fixtures and fittings must remain unless otherwise agreed in writing. 
12.2 Gas and electrical safety certificates must be provided where applicable. 
12.3 The Existing Property must be maintained in no worse condition than at offer acceptance.

13. General

13.1 The Scheme applies to primary residential properties only. 
13.2 These Terms & Conditions constitute the entire agreement relating to the Scheme. 
13.3 County Town Homes reserves the right to amend these Terms & Conditions at any time prior to exchange of contracts.

14. Governing Law

These Terms & Conditions are governed by and construed in accordance with the laws of England and Wales. 

EARLY BIRD RESERVATION

Early Bird reservations, can only be placed on selected plots at selected developments, and against plots which are yet to be released for open market sale, to buyers who are in a proceedable position.

Offers, are on selected plots only and are subject to availability.

Once your plot is due to be released for sale, we will provide notice to you prior to general release to seek confirmation you intend to proceed to a full reservation. You will have 48 hours to confirm or withdraw your intention to proceed. If, for any reason, you are going to be away for a period of time, prior to receipt of this notice, we would ask you to advise our sales team to avoid disappointment.

If we do not hear from you within the 48-hour period, the plot will be released for sale on the open market.

The Early Bird reservation fee of £150, is fully refundable if you do not proceed to full reservation when the plot is released for sale, as long as you confirm within the 48-hour period that you do not wish to proceed. On proceeding with a full reservation your early bird reservation will be put towards the £1,000 full reservation fee, resulting in a further payment of £850 becoming due.

Timescale, Early Bird reservation fees will hold your preferred plot for up to 6 calendar months or until the time your plot is due for release on the open market, whichever is the sooner.

The balance, of the reservation fee must be paid upon full reservation.

Asking prices, please note prices for similar house types available currently or in future releases are not indicative of pricing at the point your preferred plot is due for release.

The Anticipated Build Completion Date, where provided, is a provisional date only which can be affected by many factors. The Purchasers should be aware that neither the Vendor nor County Town Homes will be liable for any cost loss or expenses incurred by the Purchaser or any third party if this date is not achieved.

Amendments, County Town Homes reserve the right to amend proposed developments in-line with planning regulations and market demand.

Allocation, Early Bird reservations are strictly allocated to the person(s) reserving and are non-transferrable. Only one reservation per customer is permitted at any individual Development.

Withdrawn, Early Bird reservations are offered at the discretion of County Town Homes and may be withdrawn at any time prior to the payment of the full reservation fee. Where this occurs the Early Bird Fee (£150) will be refunded in full.

Refund, the buyer will receive a full refund on their Early Bird Reservation payment on the basis that they notify the seller that they do not wish to proceed at any time up to and preceding the 48 hour notice period. Outside this period the seller will retain the £150 in lieu of their administrative costs.

The advertised offer, cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise.

Exchange of contracts, must occur within 6 weeks of the full reservation date of your selected property, unless otherwise stated.

Upgrades & finishes, the ability to choose upgrades and finishes will depend on the build stage, your sales advisor will update you on what options are available, on which plots, up to the cut-off date where no further changes/omissions/additions can be considered.

HOME TO HOME

The following terms and conditions are applicable to anyone who takes up the offer of County Town Homes assisting with the sale of their existing home and is only available on selected developments and plots.  Please contact the sales team at your chosen development to find out which plots qualify.

Those who take advantage of this offer agree to;

• County Town Homes appointing a nominated estate agent who will market and sell your current property.
• Having no involvements over which estate agent County Town Homes instruct, or the terms of that appointment.
• County Town Homes paying the estate agent’s commission up to a maximum of £10,000 (inclusive of VAT) for marketing and selling their existing property provided they legally complete on the purchase of the County Town Homes’ property which was a plot included within this offer.
• Allow reasonable access to your property for viewings and survey purposes and to co-operate fully with our estate agents in their endeavours to market and sell your current property.
• Not instruct another estate agent to sell their existing property until their Home to Home agreement has ended, that no party is currently negotiating to purchase their existing property and that no introduction has already been made by another party.
• Indemnify County Town Homes where any existing contract with an estate agent cannot be cancelled without penalty, or if there is a penalty for dual agency agree that County Town Homes will not be liable for any extra fees as County Town Homes cannot be responsible for obligations contained in third party contracts.

Please note: that you will be liable for cancelling your agreement with your existing estate agent and for any abortive costs or dual agency fees according to your contract with them.

County Town Homes will provisionally reserve your chosen plot for 4 weeks. However, we will continue to discretely market the plot and reserve the right to sell the plot to a processable purchaser until an acceptable offer is received for your current property, where the chain below is complete.

Upon agreeing a proceedable sale on your current home County Town Homes will take a reservation fee of £1,000. In the event the sale does not proceed or exchange of contracts does not occur within 6 weeks of the full reservation date, County Town Homes shall repay the Reservation Fee to the purchaser less a deduction to cover the reasonable administration and other costs reasonably incurred by County Town Homes in processing and holding the reservation fee. The range of deductions may vary between 0% and 100% of the reservation fee. The usual deduction in such circumstances is £750.

Window Coverings (Curtains/Blinds and poles) & Flooring offers can be selected from any of our ranges up to the maximum value of the offer or remaining credit where the value is less than that advertised.

DEPOSIT BOOST

Is available on select plots on select developments and is only open to those who are buying their only or main residence and have never owned a freehold or a leasehold interest in a residential property in the UK or abroad, also referred to as First Time Buyers.

County Town Homes will offer First Time Buyers a credit up to a maximum value equal to 10% of the agreed sale price of their qualifying plot. The value includes VAT where applicable and can be redeemed against a deposit contribution to a maximum of 5% of the value of the property (subject to lenders criteria), window and floor coverings from any range being offered by County Town Homes (subject to availability) and legal fees and disbursements (excluding Stamp Duty).

The offer is only available on homes that will be the applicant’s main residence and not for investment or used as a second home. This offer is only valid for purchasers who are First Time Buyers and proof of this may need to be provided.

Window coverings (curtains/blinds and poles) and flooring can be chosen from any of the County Town Homes range (subject to availability) up to the maximum of the available credit not used across the other elements of this offer. Where the value exceeds the offer, the buyer would be required to pay the difference upon sales completion.

Legal fees and disbursements will be covered up to the value of the available credit not used across the other elements of this offer. Where the value exceeds the offer, the buyer would be required to settle the difference directly with their legal representative, subject to their terms and conditions.

The 5% Deposit Contribution offer is available on selected developments and plots only and is not available with any other offer. A contribution of up to a maximum of 5% deposit payable at the time of completion and is subject to lenders criteria.

Example

£300,000 agreed sale price would qualify for a maximum £30,000 credit which could consist of:
£15,000 deposit contribution (subject to lenders criteria)
£12,000 curtains, blinds and carpets
£3,000 legal fees.
£30,000 Total

Only one offer may be used in the purchase of a property and is not available with any other offer.
There is no cash alternative to the value of this offer and County Town Homes reserve the right to withdraw it at any time.