frequently asked questions

Please see below for answers to the following frequently asked questions about our Show Home Assist Plan:

• Can we offer our Park Operators the Show Home Assist Plan?
• What is the cost to us (the manufacturer)?
• What is the maximum term a Park Operator can have the plan over?
• Can a Park Operator have more than one home on the plan?
• If a Park Operator opts for a twelve month plan, but sells the home early, will they be penalised in interest payments?
• Can a park Operator really include the cost of transportation, siting, and groundwork in their plan?
• How much can they borrow?
• How is the finance secured?
• Is the finance available on any home?

Can we offer our Park Operators the Show Home Assist Plan?
If you provide your homes with Platinum Seal Structural Warranty cover then yes you can, if you don't then you will need to register with Platinum Seal so you can promote the scheme to your Park Operators.

What is the cost to us (the manufacturer)?
There is no cost to you (unless you want there to be) i.e. perhaps you want to incentivise your park operator by discounting the unit, but that is your decision.

What is the maximum term they can have the plan over?
12 months or when the home is sold which ever is the shorter of the two.

Can they have more than one home on the plan?
This all depends on their company's circumstances. Each park they own could have a show home on it financed by the Show Home Assist Plan, however it is possible to increase this subject to approval from the lender.

If they opt for a twelve month plan, but sell the home early, will they be penalised in interest payments?
No, not at all. In fact this is music to the lenders ears, they would rather they paid the loan off early and order their next show home so they can maximise the discounts they receive for paying the plan off early as well as maximise the margin they achieve on the home.

Can they really include the cost of transportation, siting, and groundwork in their plan?
Yes. These are added benefits of the Show Home Assist Plan. Why tie-up valuable capital in groundwork, etc. when that money can be better spent marketing their site, and selling more homes?

How much can they borrow?
The maximum they can borrow is the Invoice amount from you including VAT, plus the cost of transportation, siting and grounds work.

How is the finance secured?
They will be asked to sign a Conditional Sale Agreement under which the lender will own the home until they have made the required repayments which can be no later than twelve months from the date of the monies being advanced.

Is the finance available on any home?
Finance is only available for homes with Platinum Seal 'Insured' Warranty Cover in place.