Sequence Land & New Homes has agreed a deal with Spring to offer fully-funded part exchange and home buying services across the UK.

Sequence Land & New Homes can now offer Spring’s guaranteed home buying service to its customers to purchase their existing home and, following completion Sequence will be instructed on the onward resale of the property.

The deal follows a successful test programme, with a number of transactions completed.

Spring enables partner agents to earn two sets of fees; initially when referring customers to Spring and then following completion, when Spring will instruct them to then sell the property.

The deal will also allow Sequence to offer Spring’s fully-funded part exchange services to all of the new-build developers that it works with.

Spring recently recruited James Hogan from Leaders Romans Group as its new head of partnerships.

Jason Howes, Sequence Land & New Homes Managing Director, said: “We are always looking at ways to strengthen our service offering to our developer clients, and our partnership with Spring provides another solution to assist smooth transactions. It fills a gap in the market for those second steppers in particular, and who are looking to move up the property ladder, but who no longer fall into the lower Help to Buy thresholds.

“Spring is a good proposition to get the housing market moving, speeding up the process by enabling  buyers to become ‘proceedable’ and providing certainty to all parties.”

Cormac Henderson, CEO of Spring, commented: “Even in a hot market, Spring can step in to fix broken chains and ensure a seamless transaction that gives consumers the freedom to make their onward move, ultimately boosting revenue for partner agents.”