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 Permanent House Swop 
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Joined: 10 Dec 2005, 17:39
Posts: 70
I am trying to permanently swop my Dordogne house for one in North Wales. Does anyone have any experience of this and what costs / paperwork might be involved should we find someone to swop with.
We are mortgage free on the French house, but what if the Welsh owners have a mortgage. This is our only house so I guess no Capital gains would be due.


19 Mar 2010, 20:08
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Joined: 25 Jun 2008, 08:20
Posts: 14384
Location: Here, there, everywhere, but always in France!
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Hi honeybunny

Practical information about how house swapping works (apparently!) is here -

http://www.houseswap.com/

Enjoy.

Regards
Chrissie


19 Mar 2010, 21:20
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Joined: 11 Jan 2008, 23:49
Posts: 12178
Location: W of Cahors (46)
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Hmm, I think this could be fraught with problems.

At the very least the same Notaire fees would apply as for a sale. Also, it being your only residence does not of itself exonerate you from CGT.

If it is a new property for instance or if you have owned it for under 5 years a liability could arise.

If there is a mortgage on the Welsh property then it has to be paid off before it can be disposed of, be that by swap, gift, or sale, you cannot assume responsibility for it.

PS: Chrissie, your site seems to be for holiday house swaps :wink:


19 Mar 2010, 22:47
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Joined: 04 May 2008, 04:46
Posts: 10825
Location: Central Brittany
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As anOther says you are going to have to pay someone for something and some stage.
I have had a search about and it would seem that if you want to swap where you live then it would be best to sell your current house for whatever you can get for it and then buy a house in Wales with whatever you can afford.
The benefit of doing things this way is that there maybe 100,000 (or more it is just a guess) properties for sale in North Wales and say 50% of them fall into your price range and maybe 10% of them would be suitable for you however however I would hazard a guess that less than half of 1% would be looking to move to France on a "swap" basis.
Therefore to enhance your chances of finding the place in north Wales that is right for you it would be best to go to the market "cash in hand".
Good Luck

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20 Mar 2010, 01:01
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Joined: 10 Dec 2005, 17:39
Posts: 70
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Thanks very much for the replies. I am trying to sell as well - but then so it seems is every opther ex pat in the Dordogne! I have had a real job even finding any agents interested. I think they are swamped. There is nothing wrong with the house - large stone one, refurbed with pool. Very nice - just don't see our path in life heading back in that direction.


21 Mar 2010, 18:43
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Joined: 02 Mar 2010, 14:06
Posts: 480
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I think the Times has a houseswap section in the Expat bit. We had our house on there for a while. Basically, if you have a mortgage it is very difficult to swap. The enquiries we had were all from people who were mortgage free. Have you thought of long term renting, then renting in the UK for a few years and trying again when the market is better.


10 Apr 2010, 16:18
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Joined: 01 Jul 2004, 21:30
Posts: 733
Location: 79
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If you come up with any more info can you let me know? :D

We are interested in swopping our 2nd home with a persons main home (both in France, both mortgage free) and wondered what fees would be payable. (we live in France as well)

I know, we WILL be visiting the notaire but this has all just cropped up yesterday evening, so would be interested if anyone can share any thoughts as I am soooo impatiant :shock:


24 Apr 2010, 18:57
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