Parkhome Finance

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Owning and living in a park home

Owning a park home is a fantastic alternative lifestyle to the standard brick and mortar property. Since 2009 we have built our reputation on providing people with responsible finance options for purchasing their own park homes and lodges. We arrange finance plans that are practical and expedient. Working with a wide panel of funders for park home finance, we take care to arrange a satisfying deal for you. If you want to know more about how our financing process works; take a look at our how we work page.

The main difference between owning a park home and owning a typical bricks and mortar property is that when you purchase the park home you don’t also buy the land it’s on; that land is owned by the park operator. The park operator will lease the use of their land to you alongside the purchase of the park home. Make sure you know what the options for you are here when you start looking at getting a park home. Depending on the licence of the park, you may not be able to live there all year round. Some only have a licence for eleven or ten months out of the year, others can have year long options but it’s certainly something to check before committing to a location.

New or old park home and financing

Your budget will be your primary concern when picking your park home and a huge decision to make will be new or old park homes; considering the price range on a new park home can range from £70,000 to £400,000 and you can pick up a pre-owned park home for about £50,000. Deciding which to go for and what your budget really is will help with how best to finance your park home purchase. Although getting a pre-owned park home might offer an immediate cost-saving advantage, you need to factor in any additional costs such as modernisation, renovations and maintenance (especially with an older model). Our expert team takes the time to understand your purchasing options and your specific requirements. Whether you want to finance a new or used park home, we guide you through the entire park home finance process. We pride ourselves on our quality of work and strive to ensure that our excellent customer service and values translate into results for our customers.

Additional costs to a park home

The additional costs like renovations, updates, gadgets and pitch fees are something to be aware of before making any decisions on how to finance your park home and completing that purchase. There is usually a monthly cost known as a pitch fee for use of the site, payable to the park operator or owner. This helps pay towards upkeep of communal areas and facilities. Of course on top of this there are your standard running costs that you’re going to run into anywhere; electricity, water and gas. Typically what happens is, the park owner will pay the bill for the entire park and then, regulated by Ofgem, charges you for what you have used. Everything is fair and above board, but you do need to know what the likely charges will be. There is a lot more to look into when you are considering having a park home so be sure to do your research thoroughly before you start picking out lamp shades for your new abode.

Parkhome Finance 1

For the unprepared the additional costs of purchasing a park home may feel like a hidden expense. When financing the purchase of your new property, we always make sure you are aware of the available finance options and are fully comfortable with all the details before making a purchase. We operate on a “no hard sell” process and if we believe there may be a better offer available from our panel than the original offer we found you, we will make you aware of this. You will be under no pressure from us to go with either, or any funder. This approach has given us a long history of happy customers and a correspondingly long list of 5 star reviews. If you want to talk to a member of our team about park home finance options for you, apply for finance today or if you have a question, don’t hesitate to get in touch.

Go to FAQ's

If you have any questions, please visit our FAQ page. Alternatively you can contact us direct. We’d be more than happy to help.

Call Us: 0330 223 1261
Email: info@motorhome.finance