Whether you are upsizing, downsizing or rightsizing... How does Home Exchange work?
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Step 1 - Choosing your perfect home
Start by browsing our selection of brand new properties on our website. Our highly-trained sales team will be able to assist you in finding your dream home and can clarify if the plot you’re interested in is eligible for our Home Exchange scheme*.
Step 2 – Home Exchange process
Once you’ve picked your dream home, we’ll assess if your current property qualifies for Home Exchange. We'll arrange for two independent valuations, and our panel partners will be invited to submit offers to buy your property. We will then confirm the highest price they are willing to pay for your property. We make sure the process is transparent by providing a comprehensive Valuation Report for your reference, giving you peace of mind.
Step 3 – The easy decision
With your old property confirmed as eligible for Home Exchange, you have 48 hours to accept the offer to purchase. After which our partner becomes your guaranteed buyer*, simplifying the whole selling process. Our partner will manage putting your house on the market, saving you from estate agent fees and any associated stress. Plus, you can stay in your current home until your new Miller home is ready. The cost of your Energy Performance Certificate (where required) will also be covered. For our clients in Scotland, we also handle the Home Report (where required) for you.
Step 4 - Guiding you every step of the way
At Miller Homes, we don't just build houses, we build relationships. Our dedicated sales team and our partners, will guide you through each stage of the Home Exchange and home buying process. From arranging paperwork to answering any queries you may have, we're here to ensure a seamless transition to your new home.
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.
Calculate your Stamp Duty
Use our handy calculator to work out how much Stamp Duty you'll pay on your new home.
*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 Miller 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.