Has anyone done this?
We need to move asap, we have had a hellish time where we are now, and have got to the point where we need to get out. We live in a large old house in a rural village and even estate agents have told us it will take a while to sell (other houses in the village have been on sale for 18months + ). We thought our best bet would be to part ex. Plus, we quite fancy an new build with an NHSC guarentee after all the trouble we have had with an old building!
Our house had been valued at £300,000. Would we get the same with a part ex? Or do they give you short of the market vaulation? We have lost £50,000 from when we bought it, so can't sell for less than 300k as that is the amount of our mortgage.
Also, we don't know what development/where in the counrty we could move to until we know how much we can part ex for, I think the uplift is 30% so we would be looking at around £429,000. Would a comapaby (such as Bovis or Persimmon) do a valuation for part ex without us knowing which develpment we would like to move to?
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Part exchanging for a new build
12 replies
lolapoppins · 06/09/2009 15:25
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