With Tingdene’s Home Exchange Scheme you can avoid the hassle of selling your property and the uncertainty of whether you will be able to move to your new Tingdene Home.

Tingdene will work with you and organise for surveyors valuation of your property, from which to process the offer on your existing property. If you then wish to proceed, the scheme can have you moving in no time at all (approx 6-8 weeks).

* Tingdene work with an associated company to provide this service.

Sell your property quickly, hassle free and let us pay your fees!

Once you have decided which Tingdene home suits your requirements and also which Tingdene park you would like to live on we can agree your assisted move purchase. This scheme is only available when moving into a Tingdene home on one of Tingdene’s own park developments.

How much will this service cost?
Nothing! It is a free service as we will pay the fees to the Estate Agent, saving you a considerable sum of money.

How does it work?

• You will need to choose your home and plot on a Tingdene Group Park and pay the relevant holding deposit on the plot. The plot will be held for a maximum of 8 weeks and after that date if you cannot proceed because your home has not been sold we will return your deposit less the cost of the HIP which will be yours to keep and use. The plot will then be re-marketed.
• We will arrange 2/3 reputable local estate agents, who understand the market in your area to assess your property.
• We will actively see that your property is marketed to achieve a sale within the 8 week period so you can qualify for the free Estate Agency fees and legal costs. Should this not happen your only responsibility will be to pay the cost of the HIP out of your deposit.

* Tingdene will pay agents fees if a sale is agreed within the 8 week period. Maximum house price taken on the scheme is £500,000.

The Concept

Most people have heard of a similar scheme called buy to let, which is where a buyer can buy a property with the sole purpose of renting it out. The mortgages are normally agreed on the basis that the buyer puts down a deposit of typically 15-25% of the purchase price, and that the rental income covers the monthly costs of the re-payments.

Let to buy, is in a way similar, in that the rental of a property is still involved, but do not need to find the property to rent out, as they already own it!

In essence the homeowner will normally be looking to move, and if they have been unable to sell and are reluctant to reduce the selling price of their home to create a sale this is an option most people do not (but should) consider, usually because they are unaware of it as a scheme. As with most schemes, the figures do have to add up, but it is very simple.

The lender (bank/building society) will want to keep the required deposit from your equity (usually 15-25%) as the Deposit. The rest of the value of the property (net of any other loans or mortgages secured on the home) will then be yours to use, in this case, pay for your new park home.

The conditions are similar to the buy to let, in that, the rental income must be at a sufficient level to pay the monthly mortgage re-payments.

Benefits to you

• People that wish to buy a park home, can do so without having to wait to sell their home. Assuming their property is suitably valued, and achieves the level of rental income to pay the mortgage payments.
• They can benefit from any capital growth of the property whilst it is rented out.
• They can achieve the maximum rental payments, as it is likely you will be renting the home as fully furnished, as all new Park Homes come with brand new furniture, carpets and appliances.

Important Point

If you are interested in this option call the Park Home Mortgage and Finance Specialists Park Home Assist Insurance Services, who are Independent Intermediary’s and Authorised and Regulated by the Financial Services Authority. Park Home Assist Insurance Services have access to all major Mortgage Lenders and will therefore source the most appropriate deal for your requirements.