What is Part Exchange?


Part Exchange is a service that Legal & General Homes provides, where we will purchase your existing property to allow you to move chain-free into your new home.

The main benefits are:

  • You know that you have a cash buyer for your home and your move is not at risk of problems with the chain.
  • Your legal completion dates will be the same, with no need for bridging loans or accommodation.
  • Cost savings. You will not need to pay agent fees, Home Report or survey costs.
  • Time savings. No chain means less chance of delay. Once your new home is finished, you will be able to move in more quickly.


Legal & General Homes' Part Exchange valuations are free and no-obligation, so it is easy to explore whether we can help you move.


How can I find out how much my current property is worth as part exchange?

Once I accept a part exchange offer, what happens next?

Try our Part Exchange Calculator

(up to £1,000,000)

Min £50K
Max £1M

Min 0%
Max 5%

(up to £10,000)

Min £0
Max £10K

Min £0
Max £2,000

Your results

Home value:
Estate agent service fee (%):
Estate agent advertising fee (If applicable):
Home report (Scotland only):
Potential saving*:

*This calculator is provided for basic guidance only; Legal & General Homes do not offer financial (or mortgage) advice. This calculator does not include VAT or fees which may be payable to your lender such as early repayment charges etc. You should take advice from an IFA before agreeing to a part exchange and/or new mortgage. This calculator does not include all the information you will need to apply for a new mortgage. This calculator does not constitute a part exchange quote. Estate agent advertising fee may include but is not limited to photography, printing of sales particulars and marketing activity.

Frequently Asked Questions

Do you accept homes in all parts of the UK?

Legal & General Homes and its sister company Cala Homes work together to offer Part Exchange across most areas of the UK.

However, each property is considered individually, so please speak to a Sales Consultant to find out whether we can offer Part Exchange on your property.


Can I use Part Exchange to downsize?

Usually, we do not offer Part Exchange if your existing property is valued at more than 70% of your chosen Legal & General Home. If this is your situation, we may be able to offer our Assisted Move service, where we pay the marketing cost of your current property plus £1,000 toward your moving costs and work with your agent to help you with your sale.

In some cases, we can work with a trusted partner to arrange a third party Part Exchange. Speak to your Sales Consultant for more information.


Can Help to Buy be used with Part Exchange?

No. The government’s rules around Help to Buy mean that homebuilders cannot offer Help to Buy in conjunction with Part Exchange. For more information, go to Help to Buy England.


Can you negotiate on a Part Exchange house valuation?

Every home buyer’s circumstances are different, but we are always happy to work with you to find a way to help you move home.


Can you Part Exchange a flat for a house?

We consider most property types, including flats. However, each property is considered individually, so please speak to a Sales Consultant to find out whether we can offer Part Exchange on your flat.


Do I pay stamp duty if I Part Exchange my house?

You will need to pay Stamp Duty on your new home, but we will cover the Stamp Duty on the property we purchase from you unless the property is a second home. Where the property is your second home, you may need to pay the Additional Dwelling Supplement.  


Do you get more money for Part Exchange?

We take pride in being transparent about our Part Exchange offers and offer up to 100% of market value.

To determine a fair offer for your existing property, we commission up to three independent valuations based on achieving a sale in a six-week period. We will tell you how we have come to the figure and there is no obligation to accept our offer.  

You will also benefit from the saving of not paying to market your existing property. Our Part Exchange calculator will help you see how much you could save.


Do you need a deposit when part exchanging your house?

Your lender will need a deposit if you are buying with a mortgage. The money you receive for your old property can form part of this deposit. If you need advice about funding a deposit, we can put you in touch with an Independent Financial Advisor.  

In addition, you will need to pay Legal & General Homes a reservation fee. You will not need to pay to market your existing property.


Is Part Exchange on a house worth it?

Around a third of our customers move using Part Exchange. Some of them chose this because they lead busy lives and having a chain free move offers time savings as well as cost savings. Others have experienced the stress of a collapsed chain and don’t want to risk this happening again.

Terms & Conditions and Purchasing Criteria

Terms & Conditions 

“We” refers to the Cala Group Ltd, which includes Cala Homes and Legal & General Homes.

Part Exchange will be considered subject to our purchasing criteria, terms and conditions. We have the right to refuse your application for the Part Exchange service but if this happens our Sales Consultant will be pleased to work with your selling agents, recommend alternative selling agents or help you with other suggestions about how to market your existing home to help you to find a quick sale.

To determine a fair price to offer for your existing home, we will obtain up to three independent valuations based on achieving a sale in up to six weeks. We will not base our offer on historic valuations or offers, or on sales prices of other nearby properties. Our offer is valid for seven days only.

We will arrange for an independent surveyor to carry out a survey on your existing home after you accept an offer. The part exchange sale depends on the results of that survey. In the event that the survey reveals problems with your existing home we will talk to you to find a solution, however if we fail to agree terms, we will deduct any cost incurred by us for the survey and specialists reports when we return your reservation fee.

While your new home is being built you will have to allow us to market your home and arrange viewings by appointment, at reasonable times. You cannot use the service with any other incentives or purchase services unless we specifically agree you can at the time you reserve your home.

You agree not to instruct another agent during the period that your Part Exchange reservation is active and, if you have an existing contract with an agent, you agree you will dis-instruct that agent. Legal & General Homes will not be liable for any related cancellation fees.

Purchasing Criteria

Where a part exchange sale is being considered:

  • Legal & General Homes will only accept Part Exchange in the absence of a cash purchaser
  • There must be sufficient differential between the value of your existing home and the Legal & General Homes home and market demand/sales potential for us to consider part exchange
  • Geographically, we may consider Part Exchange on any property within the UK, however we are more likely to accept properties within Scotland, West Midlands, East of England and South East England
  • Legal & General Homes have the right to accept or turn down any property that we see fit. We are under no obligation to accept any property for our Part Exchange service
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