Finding your perfect new home is only half of the journey. The challenge is in balancing the sale of your current property with the purchase of your new home.
At Miller Homes, we're here to make this process as seamless as possible with our Part Exchange Plus Scheme*. We go the extra mile to help you get the best price for your old home while minimising your stress and simplifying the process.
How is Part Exchange Plus different from Part Exchange?
The Part Exchange Plus Scheme* allows you to market your property on the open market, aiming to achieve the best price possible.
- Step 1 – Choosing Your Dream Home
Firstly, visit the Miller Homes development that has caught your eye and explore the possibilities. Our dedicated team will guide you in choosing the perfect new home.
- Step 2 – Setting the Right Price
Should your current property qualify for the Part Exchange Plus Scheme*, we'll arrange an independent ‘open market’ valuation to set a competitive selling price for the open market. We'll agree upon a fair market value price** at which we would buy your home, providing you with a safety net should you not be able to sell it.
- Step 3 – Marketing Your Home
Once the selling price is established, we assist in marketing your existing home. We’ll nominate a reputable estate agent to manage all viewings and enquiries, streamlining the process and minimising the stress involved in selling a property.
- Step 4 – Paying Your Fees
In the event of a successful sale, we’ll cover your estate agent fees and advertising costs. If, however, your home doesn’t sell by 10 weeks before the completion date of your new home, we will buy it from you at a fair market value so you can still buy your brand new Miller home. With Part Exchange Plus, the sale of your old home is always guaranteed***.
- Step 5 – Moving Into Your New Home
With all the paperwork complete and your old home sold, the only thing left is to settle into your brand new home. You can now enjoy the comfort, style and quality that comes with every Miller Homes property.
Learn more about Part Exchange Plus in the short video below.
*Part Exchange Plus offer is subject to availability, status and eligibility. Open to UK residents, aged 18+.
Not all properties can be considered for Part Exchange Plus. Your existing house must meet Miller Homes' Part Exchange Plus 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.
Depending on the home you choose, there may be a cap on the value of a property we can accept by way of part-exchange. Please contact our marketing suite for further information on homes included in the offer and the availability of part exchange on your property.
Miller Homes are under no obligation to make an offer for your property. Any and all offers are home specific and subject to Miller Homes’ standard terms and conditions as well as a satisfactory homebuyer report and any necessary inspections, further enquiries or reports.
To be considered for Part Exchange Plus, you must disclose your intention to claim this incentive to our Development Sales Manager prior to entering into a reservation agreement with Miller Homes and paying the reservation fee in relation to that home.
Any offer made to purchase your existing property will be based upon an independent valuation arranged by Miller Homes (at the discretion of Miller Homes). 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, Miller Homes may make you an offer. Any Part Exchange Plus 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 Part Exchange Plus will be cancelled. If you accept the Part Exchange Plus 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.
Miller Homes 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 Miller Homes (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 Part Exchange Plus scheme is subject to availability and may be withdrawn at any time without notice. This does not affect part exchanges which are being processed.
**The fair market value agreed may be less than the open market value of your current home.
***The purchase of your current home is at all times subject to satisfactory due diligence in Miller Homes absolute discretion.
Miller Homes adopts the Consumer Code for Home Builders.
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New Build Homes Mortgages FAQs
Are there any conditions for my current home to qualify for Part Exchange Plus?
Yes, your present home must meet certain basic qualifying criteria to be eligible for Part Exchange Plus. These include the condition of your property and its market value. Not all properties or plots may be eligible for Part Exchange Plus. Our sales team can help you determine eligibility.
How quickly can I move into my new home with Part Exchange Plus?
The timeline may vary based on individual circumstances such as the sale of your current home, the build completion of your new Miller home and other factors. Our dedicated sales team will keep you informed and guide you through each stage of the process.
What costs are covered by Miller Homes under the Part Exchange Plus scheme?
Under Part Exchange Plus, we cover your estate agent fees and advertising costs in the event of a successful sale of your old home on the open market. If your home doesn't sell and we step in to purchase it, the previously agreed costs are still covered by Miller Homes.
What happens if I can't sell my home on the open market?
If your home does not sell within the agreed timeframe (usually 10 weeks before the completion date of your new home), we will purchase it at a pre-agreed fair market value. This ensures you can proceed with purchasing your new Miller Home as planned.
What if I incur marketing costs or other fees before agreeing to Part Exchange Plus?
Please note that no reimbursement will be made for marketing fees, Energy Performance Certificates, or Home Reports instructed prior to acceptance into the Part Exchange Plus Scheme*.
Who will handle the marketing and sale of my existing home?
As part of our Part Exchange Plus Scheme*, Miller Homes will nominate a reputable estate agent who will manage the marketing and viewings for your property. They will handle all enquiries, aiming to secure the best price on the open market.
Can I use Part Exchange Plus in conjunction with other offers?
Part Exchange Plus is a standalone offer and cannot be used in conjunction with any other offer from Miller Homes. It is also subject to our standard terms and conditions and may be withdrawn at any time without notice.
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