1Establish a relationship with your house-swap match – make sure you talk to the people you’re going to swap with so both parties know what to expect.
If you’re looking for a permanent exchange, get the property valued – if your house is like-for-like, you can do a direct swap, otherwise one party will need to make up the difference.
Get a survey – it’s important to make sure everything is in complete working order in your new property.
With permanent exchanges, if an agent has been involved, you may still have to pay fees.
With permanent exchanges, give your lawyer the necessary documentation so background checks can be undertaken. If you have a mortgage, make sure there are sufficient funds to pay it off.
Ask your lawyer to draw up a contract of exchange that includes all terms of the transaction.
Stamp Duty still applies to exchanged homes, so make sure you’re clear which pricing bracket your house falls under.