Part Exchange your existing home for a brand new one
A guaranteed* chain-free cash buyer for your existing property, enabling you to reserve your new Crest Nicholson home.
All you need to know about buying a new home with Crest Nicholson
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Helping you move > Part Exchange
A guaranteed* chain-free cash buyer for your existing property, enabling you to reserve your new Crest Nicholson home.
Find your brand new Crest Nicholson home.
To establish the price that we are prepared to pay for your existing home, we will arrange for up to three local estate agents to assess the value of your existing home in the current market conditions. This process normally takes no more than 10 days.
Provided that your existing home meets the terms and conditions required for Part Exchange, we will make you an offer which will be subject to contract, structural survey and the appropriate legal searches.
Once you’ve accepted our offer for your existing home, you can proceed to reserve your new Crest Nicholson property. You will then need to instruct a solicitor and arrange a mortgage, if required, in the usual way.
We will help guide you through the buying process, ensuring that your move to your new Crest Nicholson home is as effortless as possible.
Ask your Sales Executive to see how Crest Nicholson’s Part Exchange scheme could work for you.
DEFINITION AND USAGE
“Crest Nicholson” is hereinafter referred to as “Crest Nicholson”, “we”, “us”, or “our”.
The current home you are looking to sell is hereinafter referred to as your “Existing Home”, and your chosen Crest Nicholson home is referred to as your “New Home”.
AVAILABILITY
Part Exchange is available on selected Crest Nicholson homes. Terms and conditions apply. Crest Nicholson’s general terms and conditions are available on this link.
The value of your Existing Home must be typically no more than 70% of your chosen New Home.
YOUR EXISTING HOME
Your Existing Home must:
We are under no obligation to make you an offer on your Existing Home.
WHAT DO I HAVE TO DO TO BE CONSIDERED FOR PART EXCHANGE?
You need to:
HOW DOES CREST NICHOLSON MAKE ME AN OFFER?
We will appoint two or three independent estate agents to formally value your Existing Home.
Once your Existing Home has been inspected and valued, and if it is eligible for Part Exchange in accordance with these Terms and Conditions, we will make you an offer, based on those valuations and explain how we've arrived at the figure we propose.
The offer will specify the date by which you must accept the offer (which will be a minimum of fourteen (14) calendar days from the date of the letter). If you do not accept the offer by the specified date, it will no longer be capable of acceptance by you.
Any offer made by us for your Existing Home will be subject to survey(s), an independent valuation, and any necessary further enquiries or reports.
We reserve the right not to consider or accept your Existing Home for Part Exchange and will explain the reasoning for our decision. All valuations and decisions are final.
WHAT HAPPENS AFTER I ACCEPT AN OFFER FOR MY EXISTING HOME?
Once you have accepted the offer you need to:
If you decide not to Part Exchange your Existing Home for your New Home for any reason, or you cancel the Reservation Agreement or it expires:
If we decide not to proceed with the Part Exchange for any reason (for example because of issues highlighted in the survey, title issues, or issues arising following pre-contract enquiries), then the reservation fee will be refunded in full.
Your payments are secured with us. Any refunds payable to you will be paid directly to you within fourteen (14) working days of the date of notification of cancellation.
WILL MY NEW HOME STAY ON THE MARKET?
Your New Home will remain on the market and can be reserved by another customer until you have completed a Reservation Form and signed our Part Exchange Terms and Conditions.
WHAT HAPPENS NEXT?
After the Reservation Form has been completed and the Part Exchange Terms and Conditions have been signed:
Items in the garden – including plants, shed and water features – must also remain, unless otherwise agreed in writing.
If there are specific items you wish to remove, these must be identified in the Reservation Form for your New Home. Removal of these items may necessitate replacement or reinstatement of walls, ceilings or floors to an acceptable standard, including the filling of any holes and repainting.
WHAT DOCUMENTS DO I NEED TO SUPPLY TO MY SOLICITOR FOR MY EXISTING HOME?
You will need to provide at your cost, prior to exchange of contracts:
MUST EXCHANGE OF CONTRACTS FOR MY NEW HOME AND MY EXISTING HOME TAKE PLACE AT THE SAME TIME?
Yes. Exchange of contracts for both your chosen New Home and your Part Exchange Existing Home must take place simultaneously. You will be informed of timescales for completion throughout the process.
WHEN WILL LEGAL COMPLETION TAKE PLACE?
If construction of your New Home has been completed at the date of exchange of contracts, there will be a fixed completion date.
If construction of your New Home has not been completed at the date of exchange of contracts, written notification will be given to your solicitor when the construction of the New Home has been completed. Legal completion will take place ten (10) working days after the date of such notification.
WHAT IS REQUIRED ON LEGAL COMPLETION OF MY NEW HOME AND EXISTING HOME?
On the day of legal completion you will be required to ensure:
You will receive the keys to your New Home once:
When you move out of your Existing Home:
WE WILL BE THE CASH BUYER FOR YOUR CURRENT HOME
Let us do the hard work for you. We will arrange for a valuation, viewings and pay your estate agent's fees. All you need to do is reserve a brand new Crest Nicholson home.
HOW DOES SMOOTHMOVE WORKWHAT IS HOME REACH?
Home Reach is a part buy-part rent scheme designed to make home buying more accessible. When you buy your new Crest Nicholson home with Home Reach, you purchase a share of your new home and pay a low monthly rent on the share you don't buy.
How does Home Reach work
A NEW WAY TO BUY A NEW HOME WITH JUST A 5% DEPOSIT
For first time buyers and home movers, it’s the key to your new home
Are you saving for a deposit for your first home or finding it challenging to move home when you have low equity? Deposit Unlock could be exactly what you’re looking for.
HOW DOES DEPOSIT UNLOCK WORKA NEW SCHEME DESIGNED TO HELP FIRST TIME BUYERS ONTO THE PROPERTY LADDER
Purchase a new build home at a 30% discount compared to open market prices.
Eligibility criteria apply*.
How does First Homes workTerms & Conditions
Part Exchange is available on selected Crest Nicholson homes. Terms and Conditions apply.