Here's what you need to do:-
Buy the replacement valve [these usually retail at about £30-£40].
-Turn the boiler off.
-Turn the water off to the header tank to stop it refilling [assuming it's an open-vented system here by the way].
-drain down the system as far as is needed to empty the 3-port valve - hopefully there will be a drain-cock at a low-point.
-if the valve is of the normal variety, it will be a plastic motor attached to the metal valve section. You should be able to detach the one from the other.
-Assuming the valve is the buggered bit, undo the three compression fittings holding the valve in place- the nuts will probably have to stay on the pipe as an olives will be stuck in place..
-Pop it off and wack your replacement part in there. I always use PTFE tape no matter what the job - do them up nice and tight.
-Refill the system with water and then re-drain it - you should probably dothis a couple of times, to fluch out any debris].
-When refilling the final time, include a pack of inhibitor, to protect against corrosion.
-Bleed your radiators.
Bob's yer uncle!
John Banhsee, November 2004