Multi-Million 'Deposit On Exchange' Scheme
£15 million has been allocated to provide a new ‘deposit on exchange, balance on completion’ fund to ease part exchange anxieties in the holiday park home sector.
The new scheme provides certainty to the park owner so they can order the home; gives confidence to the manufacturer, so they can build it and know their sale and purchase will go ahead as planned.
Following acceptance of an offer, the scheme offers:
• Quick exchange of contracts – in as little as seven days
• 10 per cent of the new park home value paid to vendor on exchange to enable them to secure it with a deposit
• Completion arranged to match date of delivery and siting of new park or leisure home to allow customer to make their final payment
• Up to two weeks free licence to occupy to ensure plenty of time for the move if the customer is buying a residential park home.
For more information contact Paul Harding at the Quick Move Properties team.