If you follow specific regulations and obtain permission from your landlord, you can switch your council or housing association house with another renter. This is commonly referred to as "mutual exchange." Contact your landlord if you are a housing association tenant looking to move. If you are a private tenant, contact your landlord's agent before you start looking at other properties.
Generally speaking, you cannot swap houses with anyone other than your partner. If you have children, you will need to consider whether it is appropriate to trade houses with them too. Most families are not able to swap because of the amount of work needed to complete a change-of-address form for your utilities and also for the new owner to update their address with their local authority.
There are two types of mutual exchanges: direct and indirect. In a direct exchange, both parties go to the same landlord and negotiate a deal directly with them. This is usually done by phone or in person. The advantage of this method is that there is no middle man and so costs are kept to a minimum. The disadvantage is that it can be difficult to find partners who are willing to do a direct exchange especially if they are not on the same area of London. In an indirect exchange, one party goes to a property website such as Zoopla or Rightmove and searches for suitable properties. They then contact potential partners and arrange a meeting place/time where they can show the properties together.
Please keep in mind that as a council or housing association renter, you cannot trade for a larger dwelling. Some authorities may let you to have one more bedroom than you need, however this is subject to availability, and you may be liable to bedroom tax. One-bedroom apartment for one individual.
If you follow specific regulations and obtain permission from your landlord, you can switch your council or housing association house with another renter. This is commonly referred to as "mutual exchange." Contact your landlord if you are a housing association tenant looking to move.
All renters must fill out a mutual exchange form. Simply ask your landlord for the information, and they will email it to you. It will normally be in paper form rather than online, and it will request information about your house and the renter you wish to exchange with. You will both need to sign it before a notary public or other official can declare it valid. If there is damage to one of the houses, you would not be able to exchange them without first fixing it. The process can take several months.
If you want to exchange houses quickly without having to go through the legal process, there are companies that will do this for you. They usually charge a fee for their service.
The easiest way to exchange houses is probably through an online listing site. These sites connect people who have something to sell with people who want to buy it. By posting free listings for your house on these sites, you can get buyers interested in it. Then when someone wants to buy it, you can meet them at a mutually agreed upon location and complete the transaction there. These sites can also help you find the right buyer for your house, as they will screen all potential buyers to make sure they are qualified to purchase your property.
Another option is to rent out your house via an online rental agency. These agencies work with property owners all over the country to find tenants for their houses.
How long does it take to exchange? Once both tenants have filed their mutual exchange application papers, landlords have up to six weeks (42 days) to determine whether to grant you permission to transfer residences. If your landlord approves, the transaction must be completed within 42 days of the date they issued the permit. If not, you get to keep paying for that month's rent and move out.
There are two types of transfers: immediate and future. With an immediate transfer, you can start living in your new residence immediately after the closing. With a future transfer, you will have to wait until the end of the lease or contract period to move in. Landlords may request that you pay a penalty if you exercise your right of first refusal before the end of the lease or contract period.
A home swap is when one person rents out his/her house/apartment while staying in another. The tenant then swaps houses with another person at a later date. There are many sites that allow home swappers to connect with each other - some require memberships fees, others don't. When someone wants to rent out his/her house, he/she posts the details on these sites. Other people who are looking for a place to stay can read the postings and contact the owners directly via email or phone.