Home Exchange: a stress-free way to move

This will depend on your local area. Two estate agents, sometimes three, will undertake valuations of your property.

Estate agents will visit you to carry out valuations of your current home generally within two to three days of your Home Exchange application. You must be available for this within working hours. Our Home Exchange manager will also view your property.

This will be based on the valuations of two local estate agents, the details and information they have shared with us about your home – such as photographs and room measurements – and the price of similar properties on the market, or recently sold in your local area.

Ashberry Homes will generally base our offer for your property on the average of the anticipated 4-week selling price valuations from two independently instructed local valuers, but will take into consideration any reported factors that may affect the property value. Ashberry Homes reserve the right at its absolute discretion to refuse to consider or to accept any property in Home Exchange it deems unsuitable. All fixtures and fittings are deemed to be included in any Home Exchange offer, which may be subject to further survey(s) if the property is over 10 years old.

After we make you an offer on your current property, you are free to reserve your new home.

Home Exchange is only available where all of the following criteria are satisfied and is only available on selected plots and developments:

• Home Exchange is only available on properties located within the relevant Ashberry Homes divisional marketing area.
• The existing home must be owned/registered at the Land Registry in the name of the Applicants or one of the Applicants.
• The Applicant(s) must have occupied the existing home as their main residence at some point during the two year period before they complete the purchase of the new property from Ashberry Homes.
• The Applicant(s) must intend to occupy the new Ashberry Homes property as their main residence.
• Home Exchange will only be available where the existing home being traded is at least 30% less in value than the net price of the new Ashberry home being purchased.
• Vacant possession of your property is required on legal completion.

The property must represent a good marketable proposition; therefore, we may not consider:

• Ex-local authority apartments (leasehold).
• Properties which are predominately flat roof construction or non-standard construction.
• Properties which have been on the market for a prolonged period of time.
• Leasehold properties (apartments and houses) with less than 80 years remaining on the lease.
• Properties in a poor state of repair.

Any Home Exchange offer made will be valid for 48 hours only. After this period, the Ashberry Homes property will be placed back on the open market.