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Will developers of new builds let you down ?

Hi All :hello:

Can I ask if house developers of new builds will let you exchange to a smaller property and pay for the new house with the equaty in you old property.

Hope that makes sence.:tongue:

Cheers

John
It’s nice to be important but it’s more important to be nice. :dance:

Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Some builders will let you part exchange your current property when buying one of their properties. However, I've never heard of a builder accepting an exchange of a property of equal or greater value than the property they are selling.
  • ben_m_g
    ben_m_g Posts: 410 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    The lowest for part exchange I've seen is 30% more on the new property.
  • knightstyle
    knightstyle Posts: 7,398 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Well my DDs brother in law just PX'd his house in the South for a new build in Lincolnshire and £40k cash.
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