Great Oldbury

1.1 Part Exchange is only available on selected plots and developments. Part exchange will only be available where the home being traded in is no more than 70% of the selling price of the plot being purchased.

1.2 Part exchange is only available up to a maximum value of £300,000 for your old property.

1.3 We are under no obligation to make an offer.  If you have already incurred costs (e.g. estate agents or legal fees) at the time of negotiating a part exchange Barratt Homes will not reimburse these costs.

1.4 Any offer made will be at a fair value for your property. Our offer to purchase your existing home is based on a presumed sale within 8 to 10 weeks. 

1.5 An offer made by us under the part exchange scheme is subject to any necessary further enquiries or reports.

1.6 We reserve the right to market the property you are selling prior to your move into a new Barratt Home and you agree to allow reasonable access to the property to facilitate the resale (subject to agreed appointments) and to the erection of a “for sale” sign at the property. You agree to cancel any existing agreements with estate agents and agree that you are responsible for any fees due to them.

1.7 You agree that no party is currently negotiating to purchase the property you are selling and that no introduction has already been made by any other party.

1.8 It is Barratt Homes’ intention that BDW Trading Limited will purchase your existing home and take legal title to it prior to selling it on to a third party, to allow you to purchase a new Barratt Home. If you withdraw from the transaction and Barratt Homes has found a prospective buyer for your home, Barratt Homes will not make an introduction between you and the prospective buyer. If an introduction has already been made by Barratt Homes or their agent you will be liable to pay a fee of £1,000 plus VAT to Barratt Homes to reimburse costs incurred and Barratt Homes will have no further involvement in facilitating the sale.

1.9 Solicitors will ask that you complete the Property Information Questionnaire and Form (PIQ/PIF). As Barratt Homes has no firsthand knowledge of your existing home the company will have to use these same PIF/PIQ forms for presentation to a subsequent purchaser for your existing home. You confirm that you will complete these forms accurately and acknowledge that a future purchaser will rely upon on your answers and that legal action may be taken against you if you are found to have given false information.

1.10 We reserve the right to refuse a part exchange and we are under no obligation to give reasons why. All valuations and decisions are final.

Free flooring & moving fees - Offer is to either pay for supply and fitting of carpets or vinyl flooring for your new Barratt home. Carpets or vinyl must be chosen from our current Choices range to the value of 2% of the purchase price up to a maximum value of £8,000 whichever is lowest. Or Barratt will pay removal fees to the value of 2% of the purchase price up to a maximum value of £8,000 whichever is lowest. Removal fees include legal fees and moving fees. Please note this offer excludes SDLT liabilities. Or a combined figure in relation to the flooring and removal fees to the value of 2% of the purchase price up to a maximum value of £8,000 whichever is lowest provided you go on to buy a new Barratt home, ^ Stamp duty contribution - Offer is to contribute towards the purchaser's actual liability for normal Stamp Duty to a maximum value of 2% of the purchase price up to a maximum value of £8,000 or to an agreed fixed sum. The offer excludes incremental higher rates (3%) on top of normal Stamp Duty rates if buying a new residential property means you will own more than one home. + Customer upgrades - Offer is to provide Choices upgrades from our Choices range up to the value of 2% of the purchase price to a maximum value of £8,000 whichever is lowest. This offer relates only to the property detailed on the reservation form. No cash refund will be given if the total value of the voucher is not used. Options available are dependent on build stage of the chosen property. Offer available on plots 4, 6, 43 & 9 only.