Finance is readily available from specialised companies, regulated under the Financial Services Authority, for the purchase of a park home or luxury lodge, however, traditional mortgages which are used to buy a bricks and mortar home are not available.
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% of the value of the home with the loans available generally up to 25 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 on park homes or lodges, we recommend you shop around and obtain multiple quotes for the finance you require.