HELPING OFFERS

UNIQUELY YOU DESIGN

At Manorlane we know the finishing touches complete your home. That’s why on selected plots we are offering a Uniquely You Design Package so that your home is simply ready for you to move straight in. Speak to your Homes Consultants today to find out more.

HOMES OF THE WEEK

Unbeatable offers on selected homes, speak to your Homes Consultants today to find out more.

LEGAL FEES

Manorlane will pay your legal fees (up to a maximum of £500) on selected plots if you use a solicitor from our preferred solicitors list. Speak to your Homes Consultants today to find out more.

STAMP DUTY

At Manorlane we understand that moving can be an expensive time, and with stamp duty it can really add up. That’s why on selected plots we’ll pay selected stamp duties in full, leaving you to spend your money on more enjoyable things. Speak to your Homes Consultants today to find out more.
 
MANORFUND
Manorlane realise that the current cost of living is increasing rapidly which is affecting your ability to move into the home of your dreams. That’s why on selected plots, we will contribute to your monthly cost of living for the first year, leaving you to spend your money on more pleasurable things. Speak to your Homes Consultant today to find out more about MANORFUND.
 

MANORMOVE
This is the easy way to buy your new home without having to pay the full purchase price up front, and because MANORMOVE is not a shared ownership scheme you own 100% of your home from day one. A second mortgage will be taken over your home to secure your MANORMOVE loan.

Here’s how it works: Simply arrange your own finance for 80% of the purchase price and Manorlane will provide a loan for the remaining 20%. You repay the loan by paying back 20% of the value of your home when you sell, transfer it or after 10 years, whichever comes soonest. This means if the value of your home stays the same or falls, you will pay back the same or less than you borrow but if the value increases you will have to pay back more.

HERE ARE SOME EXAMPLES

If your Manorlane home costs £150,000, you will need to raise a first mortgage for £120,000 (80%) from your bank or building society. Manorlane will lend you the remaining £30,000 (20%) through MANORMOVE.

0% APR Typical

The value of your home will be the agreed sale price assuming a transaction between unconnected parties on the open market. In both examples you would have to repay any monies owing under your first mortgage before you pay off your MANORMOVE loan.

For full details and terms and conditions, speak to your Homes Consultants today.

YOUR QUESTIONS ANSWERED

Q. HOW DO I FUND THE PURCHASE
  1. Manorlane cannot provide any financial advice. We will automatically put you in touch with one of our approved Independent Financial Advisors who are familiar with the MANORMOVE scheme. They will help you find a suitable mortgage for the 80% value of the property (which your bank or building society will secure by a first mortgage on the property). The MANORMOVE loan will cover the remaining 20% of the price.
Q. DOES MANORMOVE APPLY TO ALL MANORLANE PROPERTIES?
  1. No, the scheme is only available for purchases of selected properties. Full details on which properties are applicable are available on request.
Q. WHAT HAPPENS AT THE END OF THE TEN YEARS WHEN THE LOAN BECOMES REPAYABLE?
  1. Your MANORMOVE loan will become repayable after 10 years. You will be required to pay Manorlane 20% of the market value of your home at this time. If we cannot agree upon a market value, an independent valuer will determine it. If you do not have your own money to pay this you will have to raise the money by selling your home and/or borrowing it from another lender. We will consider cases of financial hardship sympathetically and positively and we may consider extending your loan, subject to security and status.
Q. CAN I REPAY THE LOAN EARLY OR IN PART?
  1. If you are able to do so, you can voluntarily repay the MANORMOVE loan at any time during the 10 year period based on the open market value at the relevant time. Alternatively, you can make up to four part payments, please ask for details.
Q. CAN I USE MANORMOVE TO BUY A PROPERTY TO RENT OUT?
  1. No, the scheme is only available for people looking for a permanent place to live.
Q. ARE THERE ANY OTHER CONDITIONS?
  1. The MANORMOVE loan cannot be used in conjunction with any other offer. You cannot sell your property for the first 24 month from legal completion.

Manorlane reserves the right to withdraw the MANORMOVE scheme at any time. Credit is available subject to security and status.

Credit provided by Manorlane Ltd. Manorlane reserves the right to decline your credit application. Loan terms and conditions apply; full details and written quotations are available on request. Exchange contracts within 14 days and completion/settlement as specified.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.