Terms & Conditions

Part Exchange Plus Scheme

1. This offer is available on selected developments and plots only subject to status and availability and Peter Ward Homes’ standard terms and conditions. This Part Exchange Plus Scheme will only be available where the Existing Property being traded in is no more than 70% of the selling price of the plot you are considering purchasing, up to a maximum existing property value of £350,000.
2. All properties shall need to be considered by Peter Ward Homes for this Part Exchange Plus Scheme to establish their method of construction or unusual characteristics. Peter Ward Homes are under no obligation to make an offer.
3. To be considered for the Part Exchange Plus Scheme you will need to have completed the Part Exchange enquiry form in full and completed our financial pre-qualification checks. You will need to include your reasonable expectation as to the value of your Existing Property. For the avoidance of doubt the figure included by you on the enquiry form shall not be binding under any circumstances.
4. You will need to provide access to our appointed estate agents, Construction Director and Senior Sales Representative for the purpose of carrying out valuations and inspections of your Existing Property.
5. Any offer made by us to purchase your Existing Property will be at fair value and will be based on a presumed sale within 6-8 weeks. Our offer will be subject to, and based on, independent valuations. Following valuation and inspection of your Existing Property we will provide you with a Formal Written Offer. Your acceptance will be required within 5 working days. Upon acceptance you will be asked to complete a Reservation Agreement and pay a reservation fee.
6. Note any Formal Written Offer made to you by us under this scheme is subject to any necessary further enquiries or reports.
7. You will need to ensure your solicitor is instructed to proceed on your behalf upon acceptance of our Formal Written Offer and to meet our 42 day exchange requirement.
8. You agree to cancel any existing arrangements with any estate agents and any estate agents’ fees or commissions and VAT that may have been incurred by you will remain your responsibility. Peter Ward Homes will not accept liability towards any such costs or charges.
9. Both your purchase of the new home and our Part Exchange agreement are subject to contract until the exchange has taken place on both transactions.
10. We will market your Existing Property at the Marketing price stated in our formal written offer. For the avoidance of doubt, the Marketing Price will not exceed the open market values given in the two valuations obtained for your Existing Property. 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.
11. In the event the onward sale price achieved by us for your Existing Property, exceeds the value shown in our Formal Written Offer, then we will pay you an amount equal to the difference between the two figures. Any Balancing Payment will be paid to you after you have moved into your new Peter Ward home and within 10 working days following legal completion of the onward sale of your Existing Property by us to the third-party buyer.
12. Payment of the Balancing Payment is conditional upon completion of the sale of your Existing Property taking place within 6 months of the date that you completed the purchase of your new property.
13. Any estate agents appointed by ourselves to market your Existing Property will be acting on our behalf and, should the complete transaction proceed to mutual legal completion, any fees and commissions for the appointed estate agents will be met by Peter Ward Homes. Should either party withdraw from the transaction, but you continue to sell your Existing Property to any individual introduced by our appointed estate agents during the period of our instructions, and any such sale proceed to a legal completion, you would be responsible for the estate agents’ standard commission and VAT.
14. Certain items are deemed fixtures and fittings within your Existing Property and must remain within the property and are included in the value contained in our Formal Written Offer. Such items will be set out within the TA10 Fittings and Contents Form, which will form part of our legal agreement. If there are specific items you wish to remove, these must be shown on the TA10 Fittings and Contents Form. This may necessitate your replacing any items removed or carrying out reinstatement of walls, ceilings, or floors to an acceptable standard, including the filling of any holes and repainting. Items in the garden including plants, shed and water features are also deemed fixtures and fittings and must remain unless otherwise stated on the TA10.
15. A Corgi or Gas safe service certificate will be required on all gas equipment and an electrical testing certificate will be required on all electric equipment within your Existing Property prior to exchange of contracts to certify they are safe and in a full working condition. You will also be required to provide an Energy Performance Certificate.
16. Any prepaid service meters must be replaced with standard credit meters prior to legal completion.
17. Your Existing Property must continue to be maintained internally and externally to an acceptable standard until legal completion and on legal completion must be left clean and tidy including the garden, loft, and any outbuildings with only the agreed items remaining. We will keep a £500 retention to cover any costs incurred by ourselves for example cleaning, removal of items not included on the TA10 Fittings and Contents form and replacement locks and/or keys. The retention, less any costs will be returned to you within 10 working days of legal completion.
18. On the day of legal completion, you will not receive the keys to your new home until completion has taken place on your Existing Property and only then when you have provided all keys to your Existing Property, along with any alarm codes.
19. You will be responsible for all service company invoices up to and including the day of legal completion.
20. Full vacant possession of your existing home will be required upon legal completion.
21. This offer is only available on a purchaser’s main residential property, it is not available on Buy to Let properties.
22. This offer cannot be used in conjunction with any other Peter Ward Homes offer.
23. Purchasers must be over 18 years of age.
24. Legal completion must take place on or before the date agreed at the time of reservation.
25. Peter Ward Homes reserve the right to withdraw or alter the terms of our Formal Written Offer prior to completion of a Reservation Agreement and payment of the reservation fee by you.

* Terms and conditions apply. ** Different reservations fees apply. Ask for details. Part Exchange Plus is available on selected plots only.

FreeSell Scheme

These apply to Peter Ward Homes FreeSell Scheme. Please read these carefully:

1. Visit site and choose your new Peter Ward Home.
2. We’ll then arrange for estate agents to value your existing property and we agree a realistic price with you. In the event of a lower offer being accepted, we will even make up the difference.*
3. You reserve your property, with a reservation fee** and we start marketing your property.
4. Once we find a buyer for you we proceed to contract.
5. You remain in your property until you take ownership of your new Peter Ward Home.*
6. We then pay all the estate agents costs and can even recommend a local, cost effective solicitor.
7. The Scheme does not apply to those who have already agreed a house purchase with the Company.
8. The Scheme cannot be used in conjunction with any other offers, incentives or discounts.
9. In case of dispute the Company’s decision is final. Any legal proceedings will be carried out under English Law in English Courts.

* Terms and conditions apply. ** Different reservations fees apply. Ask for details. FreeSell, is available on selected plots only.

Part Exchange Scheme

These apply to the Peter Ward Homes Part Exchange Scheme. Please read these carefully:

1. With Part Exchange, we can offer you a guaranteed cash buyer for your existing home at 100% of the market value.*
2. Choose your new Peter Ward Home, and reserve your property with a reservation fee.**
3. Once the price is agreed for your home, then things move quickly.
4. No chain means no last minute hitches caused by buyers.
5. No estate agents fees for you to pay. We buy the house and place it on the market ourselves.
6. The Scheme does not apply to those who have already agreed a house purchase with the Company.
7. The Scheme cannot be used in conjunction with any other offers, incentives or discounts.
8. In case of dispute the Company’s decision is final. Any legal proceedings will be carried out under English Law in English Courts.

* Terms and conditions apply. ** Different reservations fees apply. Ask for details. Part Exchange, is available on selected plots only.

Deposit Unlock

1. This offer is available on selected plots only, subject to contract and status.
   Following withdrawal or termination of any offer, we reserve the right to extend,
   reintroduce or amend any such offer as we see fit at any time.
2. The scheme is available in the UK and on homes up to the value of £833,250.*
3. Minimum 5% deposit required.
4. The product is backed by a mortgage indemnity insurance to which Peter Ward
   Homes Ltd make a financial contribution. The insurance covers the lender in the
   event of a loss as a result of repossession.
5. The buyers obligations to the lender remain.
6. The scheme cannot be used in conjunction with any other Peter Ward Homes
   offer.
7. Peter Ward Homes Ltd do not offer mortgage advice so any advice should be
   obtained from a mortgage advisor or lender.

Own New – Rate Reducer

1. Own New Rate Reducer is available on selected developments and plots only, and will include a housebuilder contribution of 3% or 5% of the house asking price which is passed directly to the lender (minus an Own New arrangement fee of 0.15% or 0.22% respectively) to secure a reduced mortgage rate for an initial period of 2- or 5-years fixed. After this period your mortgage rate is likely to increase.
2. Whilst stocks last, subject to availability. Speak to the sales representative on your chosen development to discuss where Own New Rate Reducer is available.
3. ‘Mortgage rate below 0.89%’ headline interest rate is based on market interest rate available as of 01/08/2024 (and is subject to change) and is based on 60% deposit, 5% homebuilder incentive, 2-year fixed mortgage rate and 35-year term. Savings made in the initial 2-year fixed period.
4. Subject to lender criteria and eligibility. The lender will carry out their normal criteria and affordability assessments before any Own New Rate Reducer subsidy is applied.
5. A percentage fee of 0.22% of the house price is subtracted from the 5% housebuilder contribution (0.15% if the contribution is 3%) and goes directly to Own New as their arrangement fee.
6. The scheme does not apply to those who have already agreed a house purchase with the Company.
7. The scheme cannot be used in conjunction with any other offers, incentives or discounts. We reserve the right to withdraw this offer at any time.
8. Peter Ward Homes Ltd is not regulated by the FCA and offers no mortgage advice. Customers must take advice from a regulated mortgage adviser before proceeding.
9. Own New Rate Reducer is one of many incentive schemes and purchasing options available to Peter Ward Homes Ltd customers.
10. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.

Peter Ward Homes General Terms and Conditions

Any promoted Peter Ward Homes offer is subject to contract and status. Offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise. Prices and details are correct at time of going to press. All images are typical of Peter Ward homes and are for illustrative purposes only. Please contact the development in which you are interested, for further details.

Peter Ward Homes reserve the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee. Contracts must be exchanged within 42 days of reservation of your property. Failure to do so may result in the loss of all or part of your reservation fee.

Peter Ward Homes will not be liable for the refusal of a mortgage based on the borrower’s individual circumstances which leads to the loss of any reservation fee. Peter Ward Homes will not be responsible for the failure of any deal due to any defects in your existing property which arise as a result of an inspection, or survey, whether a part exchange deal has been agreed or not. These terms and conditions do not affect your statutory rights.

If you require a mortgage, you are strongly advised to obtain advice from a regulated adviser. Peter Ward Homes recommends from a panel of New Home Mortgage Advisers who have extensive knowledge of the new build mortgage market, though you may, of course, seek such advice from your own mortgage adviser.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE