Finance

Mortgages are not obtainable on park homes, as you do not own the land on which they are sited.  However finance is available from companies regulated under the Financial Services Authority for their purchase – usually the maximum loan amount is 80% of the cost of the home.

Loan periods may be available for up to 25 years; guarantees may be required.  Fixed interest rates can be arranged for the full term of your loan.  Of course, your home may be repossessed if you do not keep up the payments. For details ask the park operator selling the home.

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