Whether you are sizing up, sizing down or side stepping... How does Home Exchange work?
Step 1 - Choosing your new home
Explore our range of brand-new homes online and find the one that feels right for you. Our friendly sales team will be there to guide you and confirm whether your chosen home is available with Home Exchange*.
Step 2 – Valuing your current home
Once you’ve chosen your new home, we’ll check if your current property is eligible. We’ll arrange two independent valuations, and our panel partners will submit offers to purchase your home. We will then confirm the highest price they are willing to pay for your current home. You’ll receive a clear Valuation Report, so you can make an informed decision with confidence.
Step 3 – A guaranteed buying
If your current home is confirmed as eligible for Home Exchange, you’ll have 48 hours to accept the offer. Once accepted, our partner becomes your guaranteed buyer*, removing the uncertainty of selling. They’ll manage the sale of your current home — saving you estate agent fees and time — and you can stay there until your new home is ready. We’ll also cover the cost of your Energy Performance Certificate (where required), and in Scotland, your Home Report (where required) too.
Step 4 - Support all the way
We’re here to guide you from start to finish. From your first enquiry through to moving day, our team — alongside our trusted partners — will support you every step of the way, making your move feel simple, clear and confident.
Mortgage Calculator
Our easy-to-use, free online mortgage calculator is perfect for anyone who is interested to find out how much their monthly mortgage repayments might be. It should help you to work out your options when it comes to buying a new home, giving you an idea of what you can realistically afford.
Calculate your Stamp Duty
Use the St. Modwen Homes calculator to work out how much Stamp Duty/LBTT you'll pay.
*Home Exchange is subject to availability, status and eligibility. Open to UK residents, aged 18+
Not all properties can be considered for Home Exchange. Your existing house must meet our Home Exchange criteria including, but not limited to, main residences only, no structural issues, non standard construction or blight, minimum remaining leasehold term of 100 years, no listed properties, compliance with all relevant regulations (including smoke and fire alarms) and availability of technical reports.
Please contact our sales centre for further information on homes included in the offer and the availability of Home Exchange on your property.
Our partners are under no obligation to make an offer for your property. Any and all offers are home specific and subject to standard terms and conditions as well as a satisfactory homebuyer report and any necessary inspections, further enquiries or reports.
To be considered for Home Exchange, you must disclose your intention to claim this incentive to our Development Sales Manager prior to entering into a reservation agreement with us and paying the reservation fee in relation to that home.
Any offer made to purchase your existing property will be based upon two independent RICS valuations arranged by us (at our discretion). You will need to provide access to our appointed agents or our representative for the purposes of valuations and inspections of your existing property.
Following valuation and inspection of your existing property, the market appraisal obtained will be sent to at least three panel company partners to bid on the property and the highest offer will be communicated to the prospective purchaser by St. Modwen Homes. Any Home Exchange offer is a time-limited offer and your acceptance will be required within 48 hours. If you do not accept the offer, your application for Home Exchange will be cancelled. If you accept the Home Exchange offer, you will be required to complete a new home reservation form and pay the reservation fee for your new home. An exchange deposit may also be required upon exchange of contracts.
You agree to allow reasonable access to your existing property to facilitate the resale (subject to agreed appointments) and to the erection of a “for sale” sign. You agree to cancel any existing agreements with estate agents and agree that you are responsible for any fees due to them.
A professional legal adviser is required to carry out the legal formalities of buying the home and to represent your interests. You will need to ensure your solicitor is instructed to proceed on your behalf upon acceptance of our offer.
We will pay Home Report, Energy Performance Certificate and estate agents' fees in connection with the sale of your property, up to a maximum total payment for fees of five per cent (5%) of the valuation of your property. Home Report, Energy Performance Certificate and estate agents' fees are only paid for following instructions made by us (you will be responsible for any fees you incur in connection with instructions you made). No reimbursement will be made for marketing fees or an Energy Performance Certificate or Home Report instructed prior to reservation. Save as expressly set out in this paragraph, you will have to cover the costs required as part of the normal selling/buying process e.g. solicitor fees, fees as part of the selling process (for water, estate charge, council tax, etc.) and any certifications (for gas and electrics or anything else). You will be responsible for any such excluded costs and invoices up to and including the day of legal completion.
Your move in date for your new home is subject to build programme and completion. Full vacant possession of your existing home will be required upon legal completion. On the day of legal completion, you will not receive the keys to your new home until completion has taken place on both properties.
The Home Exchange scheme is subject to availability and may be withdrawn at any time without notice. This does not affect Home Exchanges which are being processed.