Can I get a mortgage on a park home?
No. But you can get finance there are few company’s like RoyScot Larch www.royscotlarch.co.uk 01235 438280 Can I get insurance on a park home?
Yes. Many advertise in the monthly park homes magazines. Do I sign a contract?
Under the Mobile Homes Act 1983, you must enter into a written agreement with the park owner to live on his site. Does legislation offer any protection to owners?
It does indeed. The Mobile Homes Act 1983 gives owners of park homes security of tenure - and that is probably its single most important safeguard. It also gives the owner the right to sell the home, and the right to leave it to certain members of the family. Do I have to pay Stamp Duty when purchasing a Park Home?
There is no Stamp Duty to be paid when purchasing a park home. What if I want to sell?
The previous occupier is required to pay a commission fee of up to 10 per cent of the sale price to the park owner. How much does a Park Home cost? Will it hold its value?
Prices vary according to the home’s size, quality of fittings and furnishings, type of park and where it is. Values move in line with the UK property market. Are there any hidden costs?
You will still have to pay council tax, although most parks fall into the lowest tax band. On top of this, you will also pay rent to the park owner on a weekly or monthly basis. Are children allowed to live on site or stay over?
Children are allowed to stay over but can not live on the site. Are Dogs allowed?
Dogs are allowed but can only be replaced at the park owner's discretion. What are the main advantages of park home living?
Our residential parks are very much communities where no-one need suffer the sense of isolation so often felt by people in retirement. Individual privacy is, of course, respected, as it would be anywhere. Other members of the family living elsewhere also have peace of mind from the knowledge that our parks are semi-sheltered environments with resident managers to provide additional security. |