Part Exchange Plus

A smarter, safer way to move home

Part Exchange Plus gives you flexibility when selling your current home, combined with the reassurance of a secure fallback and the potential bonus of receiving the difference if your home is resold for a higher value.

WHAT IS PART EXCHANGE PLUS?

Part Exchange Plus is our enhanced part exchange scheme that combines open market selling with the security of a guaranteed purchase.

Your home is marketed for an agreed period. If your home then sells for more than your Part Exchange value you will benefit from the difference once the resale completes*.

If your home does not sell within the timeframe, Wain Homes will step in and purchase your property at a pre-agreed price, allowing your move to go ahead.

HOW DOES PART EXCHANGE PLUS WORK?

  • Your property is valued and listed at an agreed open market price
  • You have a fixed marketing period (typically 6 weeks) to attract a buyer
  • During this time, all offers are presented to you, and you decide whether to accept
  • We cover estate agent fees and manage the sales process
  • If your home sells and completes within the timeframe, you receive the full sale proceeds as normal
  • If it does not, Wain Homes purchases your property at a pre‑agreed price so your move can proceed

The property will be marketed upon completion of the reservation, if we achieve a sale within the agreed period (6 weeks) you will benefit from any uplift*.

*This additional payment (sometimes referred to as an “overage”) is not guaranteed and depends on both the eventual sale price and successful completion of the resale. It is not paid upfront.

is Part Exchange Plus right for me?

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BEST POSSIBLE PRICE FOR YOUR HOME
Your home is marketed on the open market, giving you the chance to secure the best possible price within the agreed period.
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CERTAINITY AND PEACE OF MIND
If your property doesn’t sell in time, you have a guaranteed buyer in place, so your move isn’t at risk.
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A MORE SECURE MOVE
With a clear fallback position, you can move forward without worrying about chains or delays.
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NO ESTATE AGENT FEES
We manage the process and cover estate agent fees, making your move simpler and more straightforward.
You find your new home

Once you find your Wain home, confirm with our Sales Executive whether your existing home qualifies for the Part Exchange Plus scheme. You’ll also need to confirm that the value of the property you’re selling isn’t more than 70% of the price of the Wain Home you’re buying. To proceed with Part Exchange Plus, a £500 application fee is required while valuations are instructed.

We’ll get a valuation

To help us find a fair price for your existing home, we’ll arrange for at least two independent estate agents to give valuations. And if you’ve already instructed an estate agent, we’ll include their valuation. Together we will agree a realistic open-marketing listing price and a guaranteed fallback purchase price.

Sell your home

Your home is listed on the open market for an agreed period (typically 6 weeks). Estate agent fees are covered by us*. Viewings and negotiations are fully managed for you. You remain in control of accepting offers. If your home sells and completes within the timeframe, you benefit from that sale exactly as you would normally.

Move into your new home

Following the 14 day cooling off period, both parties are required to exchange contracts within six weeks. If a sale doesn’t complete in time, Wain Homes steps in as the buyer, purchasing your home so your move can continue. You move into your brand‑new Wain Home as planned, with no stress and no last‑minute surprises. If your previous property is later resold for a higher amount, any additional balance (minus costs) may be paid to you once the resale completes.

Why choose Part Exchange Plus with Wain Homes?

Part Exchange Plus gives you:

  • The chance to achieve the best possible price for your home
  • A secure fallback position if it doesn’t sell
  • A clear, structured process with defined timelines
  • The ability to move without chain-related stress
  • The potential to receive more after completion

It’s a balanced approach combining flexibility with certainty and giving you control at every stage.

Find out more

Speak to our sales team today to see if Part Exchange Plus is available on your chosen development and whether it’s right for you. In the meantime, explore our home buying guides for useful tips and information to support your home buying journey.

Terms and conditions apply. Scheme availability may vary by development.

Other Ways To Buy

FREQUENTLY ASKED QUESTIONS

  1. How long is my home marketed for?
    1. Your property is typically marketed on the open market for 6 weeks. During this time, you have the opportunity to attract a buyer and agree a sale at the best possible price.
  • Who decides whether to accept an offer?
    • All offers received during the marketing period are presented to you, and you decide whether to accept them.
  • What happens if my home sells within the 6-week period?
    • If your home sells and the transaction completes within the agreed timeframe, you receive the full sale proceeds, just as you would in a normal sale.
  • What happens if my home doesn’t sell in time?
    • If your property does not sell within the agreed period, Wain Homes will purchase it as a part of the Part Exchange Plus scheme at a pre-agreed fallback price, allowing your move to go ahead.
  • When do I receive payment for my home?
    • You receive payment when your property sale completes:
      • If sold on the open market you receive the full sale price on completion
      • If Wain Homes purchases it you receive the agreed fallback price when your new home purchase completes
  • Can I still get a higher price after Wain Homes purchases my home?
    • Possibly. If Wain Homes resells your property for a higher amount, you may receive an additional payment once that resale completes.
      • However, it’s important to understand:
        • This additional amount is not guaranteed
        • It depends on the final resale price and successful completion
        • It is paid later, not when you move
  • Is the full market value guaranteed?
    • No. You have the opportunity to achieve full market value if your home sells within the marketing period. If it doesn’t, you will receive the pre-agreed fallback purchase price, which ensures your move can still proceed.
  • Do I have to pay estate agent fees?
    • No. We cover estate agent fees as part of the scheme, making the process simpler and more cost-effective.
  • Will Part Exchange Plus buying scheme help me avoid a property chain? Yes. Because you have a guaranteed buyer if your home doesn’t sell, Part Exchange Plus helps you avoid delays or risks caused by broken chains.
  1. Am I eligible for Part Exchange Plus?
    1. Eligibility criteria apply, but typically:
      1. Your current home must be no more than 70% of the value of the new Wain Home
      1. Your property must meet our valuation and condition criteria
      1. Our sales team will confirm your eligibility.
  1. Is there anything I should be particularly aware of?
    1. Yes, the key point is that while Part Exchange Plus gives you both opportunity and security, any additional payment after resale is not guaranteed and should be viewed as a potential bonus, not part of your expected completion funds.
Part Exchange Plus Terms and Conditions

TBC