P544 Teletext 544 Aug 6 02:17:54 ——— HOME SWAPS ———————————————————————— Homjownjrs can save on estate agents' fees bz swapping homes instead of selling them. The National Property Exchange has been doing it for years. it particularly suits those moving to new areas, approaching retirement or couples getting divorced. people can trade up or down ——————————————————————————————————1/6—— Shopping tips and advice 481 DOWNLOAD SHARES ON YOUR PC p532/533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Aug 6 02:18:18 ——— HOME SWAPS ———————————————————————— Experienced home-swappjrs say it's less traumatic than a conventional move. Linda Green, of Badshot Lea, Surrey, swapped her 2-bed for a 3-bed house. She says: "It was much simpler bjcausj there was no chain involved. Wj agreed a value for both properties and paid the difference to go up-market." Until 1993 swappjrs only had to pay stamp duty on the difference between the two properties. ——————————————————————————————————2/6—— Latest money news 541 City news 501 LATEST MORTGAGE OFFERS p545 Mortgages Savings Your Money TV PlusP544 Teletext 544 Aug 6 02:12:41 ——— HOME SWAPS ———————————————————————— Full stamp duty has been levied on all house swaps since '93 after Govjrnmjnt acted against abuse by djvjlopjrs. But you won't pay estate agents' fees - 1-3% of the sale price. The cost of a removal van can also bj shared between the swappjrs. The National Property Exchange claims to have instigated more than 8,000 swaps, all for a £19.50 fee. ——————————————————————————————————3/6—— Money news 541 Leisure & home 480 DOWNLOAD SHARES ON YOUR PC p532/533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Aug 6 02:13:32 ——— HOME SWAPS ———————————————————————— Set up by ex-estate agent Valerie Jones the National Property Exchange works bz asking potential swappjrs to name the county and type of house they want asking for details of their homes feeding thjsj into a computer matching buzjrs and sellers. NPE says the main advantage is sales match individual needs, irrespective of housing market conditions and prices. ——————————————————————————————————4/6—— Go Green! 460 Fun & Games 450 CHECK OUT STUDENT ACCOUNTS p542 Mortgages Savings Your Money TV PlusP544 Teletext 544 Aug 6 02:07:04 ——— HOME SWAPS ———————————————————————— $hj National Property Exchange has pros and cons for home swappjrs. local estate agents can offer greater choice and exposure to more potential buzjrs. The NPE register, though rising, remains small in comparison. a sale might still fall through you deal directly with the owners of the home with whom you are swapping. ——————————————————————————————————5/6—— Always seek indjpjndjnt finance advice Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Mortgages Savings Your Money TV PlusP544 Teletext 544 Aug 6 02:14:54 ——— HOME SWAPS ———————————————————————— If you fancy exchanging your home rather than selling it, remjmbjr: you still need to bj able to raise a mortgage and meet repayments mortgage fees, surveyors fees, stamp duty, and valuations still apply check local prices so you're sure you're not paying over the odds National Property Exchange 01705 754985 ——————————————————————————————————6/6—— Fixed,discount & cashback mortgages 545 Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Mortgages Savings Your Money TV Plus