In the majority of cases the following requirements will need to be met for a property to be considered for part-exchange:
The property must be in a good state of repair with no structural problems.
The property may be required to have a fixed term remaining on the lease (if leasehold).
The value of the exchanged property is often required to be no more than 70% of the value of the new-build property.
Some property types such as mobile homes and properties with flat roofs may be excluded from some part-exchange schemes.