Financing your Park Home or Lodge

Finance is readily available from specialised companies for the purchase of a residential park home or luxury lodge. However, traditional mortgages which are used to buy a bricks and mortar home are not available for the purchase of a park home or lodge. The mortgage on a traditional bricks and mortar home would be secured against the property’s listing on the land registry.  When a  park home or lodge is purchased, you are acquiring that property permanently and outright. The lease for the land it is situated on is for a fixed period of time and in the case of leisure homes this is often only for part of the year. 

The details for the lease of the land on which your home is sited would be included in your licence agreement. The length of your site lease will almost certainly impact on the terms upon which you can finance your property.  There are a number of specialist finance providers in the marketplace who understand park homes and lodges and how they differ from traditional brick built properties.  Finance is typically available for up to 80 per cent of the value of the home with the loans available generally up to a maximum of 15 years. Interest rates will vary based on personal circumstances, the amount of the loan, the length of the loan and the value of the property.

When looking at finance terms on park homes or lodges, we recommend you shop around and obtain multiple quotes for the finance you require. Whilst we don’t and cannot recommend any individual provider of finance, you may wish to contact the following companies:  

Stratford Corporate Finance, 962 Old Load Lane, Solihull, B98 8LN 
Telephone No: 0121 743 1644.   

Roy Scott Larch Ltd, Milton Road, Drayton, Abington, Oxfordshire OX14 4EF 
Telephone No: 01235 438280 , 

Reality Finance Solutions Ltd, 3 Langham Park, Catteshall Lane, Godalming, Surrey GU7 1NG 

Telephone No: 0845 170 4000

There are also specialist part-exchange services available who will purchase your current home from you and thus removing the risk of being part of a chain of sales and allowing you to move into your dream Omar park home at a time to suit you. Whilst we can not recommend any particular company you may wish to contact:

Quick Move Properties, Unit 15, Interface Business Park, Bincknoll Lane, Wotton Bassett, West Berkshire, SN4 8SY
Telephone: 01793 840 917

Silverbridge Properties Ltd, Crown House, 33 The Chase, Pinner, Middlesex, HA5 5QP 
Telephone: 0208 429 1085 
Email: info@silverbridgeproperties.com

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