Wainhomes Part Exchange Plan

The Wainhomes Part Exchange* Plan gives you the opportunity to move to your new home without worry.

Why should you consider Part Exchange?

Wainhomes can help you avoid all the stress, hassle and worry of putting your house on the market, trying to find a buyer, waiting for a sale, and then hoping the property chain doesn't break. Part Exchange your existing property for a brand new Wainhome and we'll do all the work for you.

New homes from Wainhomes

If your existing property is worth around 70% of the price of the new Wainhome you are looking to buy from us, you may be able to part exchange it.

Whether or not your existing home qualifies for part exchange will depend on a number of factors, including its location. If it does qualify then Wainhomes will buy your existing property from you when you buy a new home from us.

This means there is no property chain, just a straightforward sale. You'll also avoid having to pay any estate agents fees and the inconvenience of putting your house on the market.

Why do we do this? It's simple, selling a new home to you, as a chain-free buyer is very valuable to us. It means there is less chance that the sale will be delayed or will fall through because of problems further down the chain that you or Wainhomes have no control over.

Step 1 – Qualification

Telephone or visit your chosen development to speak to the friendly Sales Executive about our Part Exchange* scheme.

We'll ask a few details about your existing home to establish whether it qualifies for the scheme.

Step 2 – Valuation

We'll arrange for at least two independent Agents to value your existing home on our behalf. The agents will assess the selling price not an asking price.

Our Part Exchange Manager may also visit you to learn more about your existing home.

Step 3 – Reservation

Once we have received the valuations, Wainhomes will make you an immediate verbal offer for your existing home and then confirm the offer in writing.

If you're happy with your offer then your provisional reservation on your new home can become a full reservation.

Step 4 – The Sale Process

If you accept our offer, we'll instruct our solicitors to proceed with the sale and arrange the survey. You will need to instruct your own legal advisors as well.

To find out more about the detailed stages of buying a home, take a look at our Part Exchange Factsheet.

Want to know more?

Our Sales Team are always on hand to answer any questions you may have about Part Exchange. Call your nearest development or contact our Head Office on 01925 885 400.

*Part Exchange is available on selected plots only, subject to status, and on selected Wainhomes developments. The scheme cannot be used in conjunction with any other offer. Part exchange agreement and new home purchase are subject to contract. An application fee of £500 is payable, which, if a valuation fee is agreed, will be converted to a reservation fee. If you withdraw from the purchase you will lose your £500 reservation fee. Terms and Conditions apply. **Offers subject to RICS survey and valuation and subject to contract. See Part Exchange Factsheet for details. Cancellation fees apply.

Part Exchange Factsheet

1. Part Exchange is only offered on selected Wainhomes. To qualify for the Scheme the value of your property must not be more than 70% of the price of the Wainhome.
2. Upon receipt of the application fee of £500 and completion of the application form, Wainhomes will instruct a minimum of two estate agents to provide a forced sale, a six week and a twelve week valuation of your house. The agents instructed may include an estate agent currently marketing your property.
3. Wainhomes will inspect your home and you will agree to give the agents access for the purpose of carrying out a valuation.
4. Upon receipt of the agents' valuations, and subject to the results of a homebuyers report (see below), we will make an offer to purchase your property.
5. If we are unable to agree a valuation, we will refund 100% of the application fee.

6. If we agree on a valuation, the application fee will be converted to a reservation fee. You will reserve the Wainhome and the terms of the reservation will be shown on the reservation form. The part exchange offer will be confirmed to you in writing. The part exchange offer will be subject to:

a) in all cases exchange of contracts for the purchase of your home and the contract to purchase the Wainhomes; and

b) in certain cases we may require a homebuyers survey.
7. We both have four weeks from the acceptance of the offer (see 4 above) to exchange contracts.
8. If before contracts are exchanged you withdraw from the purchase of the Wainhome:

a) Wainhomes are not committed to purchase your property; and

b) you lose your £500 reservation fee.

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