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Can you part exchange your property if it was bought with HTB
Chesh1986
Posts: 1 Newbie
Hi my current property was purchased using the HTB scheme 5 years ago and I'm now looking to move across the other side of the country. I need a relatively quick sale of my current property and friends have suggested looking into part exchange for a new build on one of the developments in the area I want to move to but I'm not sure whether this is an option given the HTB I've got on the property I'm in at the moment. Does anyone have any info in relation to this kind of thing? Anything at all will be great!
Thanks
Thanks
0
Comments
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Well what does your paperwork say? I can't see it from here.0
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You can part-ex to leave HTB, but not to join so if you are buying another newbuild on HTB you can be offered an Assisted Sale, but not part-ex.
Don't forget when leaving HTB you have to satisfy Target's requirements for the valuation and you'l have the developer's valuation as well and this may give rise to conflict;-
https://www.myfirsthome.org.uk/I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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