Upgrade your home by swapping new for old

Swapping your existing property for a new home is a quick, stress-free and appealing solution, especially when it’s taking vendors nearly four months to find a buyer for themselves.

Latest figures from Hometrack show that the average length of time taken to sell a house in the east midlands has risen by almost 50% in the last year to 15 weeks; and it now takes an average of 13.5 viewings to achieve each sale.

Customers are being given the last chance to purchase one of the remaining seven homes at The Sycamores, in Ailsworth, near Peterborough, and it’s little wonder then that greater numbers of homebuyers are taking advantage of the chance to swap new for old using part-exchange.

Award-winning Redrow offers 100% part-exchange on selected plots at The Sycamores, effectively acting as a cash buyer for the customer’s existing property at full market value, subject to criteria. It takes the problem of finding a buyer or being stuck in a housing chain out of the customer’s hands and paves the way towards that longed-for new home.

Mary Timlin, sales director for Redrow Homes (South Midlands), said: “Part-exchange is perfect for people who want to move right away, but are being held back by their current house. We take any hassle out of their hands so they can concentrate on their all-new Redrow home.

“They will also enjoy all the other benefits that come with owning a new home such as improved energy efficiency and cheaper running costs, no costly renovations or upkeep and no living with a previous owner’s decorating disasters.”

Being able to part-exchange gives developers like Redrow a big advantage over the second hand sector in the current economic climate. Redrow can also provide access to a network of financial and legal advisers to help customers find the best mortgage for their circumstances and to ensure the move goes smoothly.

Part-exchange is just one of the ways Redrow can help its customers. Other options include deposit paid schemes, mortgage subsidies and the opportunity to own 100% of your new home from day one, but pay only 75% of the asking price, with the balance deferred interest-free for up to 10 years.

Designed in harmony with the natural beauty of the area, The Sycamores @ Ailsworth is the perfect choice for buyers who want their home to be a relaxing haven. Just seven homes remain for sale, which is testimony to the development’s popularity.

Commuters will also be pleased to know that the A1 (M), A14 and A47 are all easily accessible and Peterborough train station’s regular service to London Euston can take them to the capital in under an hour.

A choice of four and five-bedroom homes are still available, priced from just £245,000. Up to £20,000 discounts are also being offered on selected plots.

For more information, visit Redrow.co.uk.

* Statistics from the Hometrack National Survey January 2009.