Finance

Finance

Finance to Buy Park Homes

Whilst we don’t personally offer our buyers finance for the purchase of park homes, it is available. A conventional mortgage as used on traditional freehold bricks and mortar buildings is not applicable to park homes. A conventional mortgage lender secures their loan on the land registry listing, whereas when you buy a park home you own the home outright but you are afforded the use of the land in perpetuity under a licence agreement.

Loans to Buy Park Homes

Finance providers exist who understand the difference between park homes and traditional build, and tailor their products accordingly. Typically the maximum loan amount is 80% of the cost of the home and the loan can be up to a maximum of 25 years. Interest rates will be primarily determined by the economy but will vary depending upon the length of the loan, the amount of the loan and the borrower’s individual personal circumstances. The individual finance providers will be able to inform you of their specific requirements and what terms they are prepared to offer you.

Spread the cost of finance up to 25 years;
Finance Up To 70% Of The Purchase Price Of Your Park Home;
Fixed Rate Of Interest For the Whole Term Of Your Finance;
Capital and Interest Repayment or Interest Only Options Available;
No up-front fees or costs;
Payment Protection and Loan Protection Policies Available;
Independent Financial Advice Available

Whilst we do not specifically recommend any company, nor endorse their products, the two major finance Companies that you may wish to contact are shown below: