[Closed] Anybody gone down the Part-Ex for New Build?

Afternoon all....

There is a new Redrow development starting near us, it's very early days as all they have done is put an entrance into a field.

Been onto their website and on certain 3 bed semis they are doing the infamous part ex scheme.

at first it does seem viable, but after bit of digging on moneysavingexpert theres a few clauses you have to be careful of, one extract...

However nothing is concrete just yet. A few days later you will get an official PX offer from Taylor wimpey in writing, you will have to sign this offer within 4 days and agree to the terms. The terms basically state that their offer is subject to survey and if any work needs doing, it will be at your expense and must be done before exchange of contracts, which is a bit cheeky when you bear in mind they offer you a) less than its worth and b) you will be spending additional money on extras in the new build, as with a PX deal they usually offer you "nothing".

the worry is our current house could do with a new kitchen and the bathroom could do with a lick of paint...

i just wondered has anyone gone down this route and how did it go?

ps- i think were knackered anyway as the equity in our house after a sale would be sucked up by a secured loan, so we would need a deposit anyway.