#11



Hi



There are non residential sites out there that offer finance, but I've not found one that does for 12 months a year residence.



I've looked into costs (I've decided on two sites if I do go ahead)

As far as I'm aware, ground rent is really the only additional cost I would need to find at £35-£40 a week, and I'm ok with that :-)

My only other future query is if you can have a water meter or not.



Thanks

Tara
Originally posted by Tara100


our park home ground rent includes water rates (£30 a week totalling £2.50 for water)then we pay £100 a year for sewage and drainage whatever you don DONT buy on a non residential park as you are not protected by the 1983 mobile park home act as amended in 2013

can you not fund the purchase from your house sale?units are widely available from 40k, a good place to find info on finance would be the monthly park home and holiday caravan magazine avaliable form larger wh smith monthly

just a thought i assume you are over 50?one of the main rules for 99% of sites

#12



our park home ground rent includes water rates (£30 a week totalling £2.50 for water)then we pay £100 a year for sewage and drainage whatever you don DONT buy on a non residential park as you are not protected by the 1983 mobile park home act as amended in 2013

can you not fund the purchase from your house sale?units are widely available from 40k, a good place to find info on finance would be the monthly park home and holiday caravan magazine avaliable form larger wh smith monthly

just a thought i assume you are over 50?one of the main rules for 99% of sites
Originally posted by woodbine


Hi Woody and thanks! There's some helpful info for me there.

I am approaching 50 (sadly) so I'm fine there :-)



I've reassessed finances and I'll need to raise a lot less now; £19,000 - £30,000 max, depending on the park home purchase price. That's the amount I'll need once the house is sold, as I have a mortgage etc to pay off.

The park homes for sale sat on the best sites in South Devon sell for £85,000 - £165,000 for larger brand new types with big gardens etc.



I'm looking to pay no more than £115,000 on one of two chosen sites, which are beautifully maintained and set in fabulous countryside :-)





Many thanks

Tara

#13



Hi Woody and thanks! There's some helpful info for me there.

I am approaching 50 (sadly) so I'm fine there :-)



I've reassessed finances and I'll need to raise a lot less now; £19,000 - £30,000 max, depending on the park home purchase price. That's the amount I'll need once the house is sold, as I have a mortgage etc to pay off.

The park homes for sale sat on the best sites in South Devon sell for £85,000 - £165,000 for larger brand new types with big gardens etc.



I'm looking to pay no more than £115,000 on one of two chosen sites, which are beautifully maintained and set in fabulous countryside :-)





Many thanks

Tara
Originally posted by Tara100


Have you checked on right move?you can search for park homes by area and I've seen decent ones for around 60-70k in devon and cornwall,another scource is a company called "seekers"they specialise in the sale of park homes and will also offer advice on finance i assume,they also have a website

#14



Have you checked on right move?you can search for park homes by area and I've seen decent ones for around 60-70k in devon and cornwall,another scource is a company called "seekers"they specialise in the sale of park homes and will also offer advice on finance i assume,they also have a website
Originally posted by woodbine


Hi



Yes I check on Rightmove all the time :-)



I have been to some sites where cheaper homes are, but oh dear, the surrounding surroundings weren't pleasant. The sites were unkempt and run down and you know the saying 'location, location'

As in all things, you get what you pay for ;-)



The sites I'm looking are at absolutely beautifully kept and are idyllic. I plan for this to be my last move so I'm happy to pay more to get the home in a site that's cared for.



I work part time in central Exeter, and the two sites I have in mind are situated 3-5 miles from the city centre, in peaceful countryside which I crave for. Beaches are a 20 min drive away too.

I have hope that I'll get there eventually :-)



Thanks

Tara

#15
Hi Tara100

I found your post from last year and find myself in the same situation now as you were back then... I hope you found a solution to your lending quandary! If you have, I would welcome any advice or feedback you could pass on to me as I enter this particular minefield. I'm 50, and need £30k over 15 years, which is 25% the value of the property.

Many thanks for any help you can offer!

Molly

#16



Hi Tara100

I found your post from last year and find myself in the same situation now as you were back then... I hope you found a solution to your lending quandary! If you have, I would welcome any advice or feedback you could pass on to me as I enter this particular minefield. I'm 50, and need £30k over 15 years, which is 25% the value of the property.

Many thanks for any help you can offer!

Molly
Originally posted by Mollymolly


Hi Mollymolly



I'm sorry, but I'm afraid I can't help very much.

My situation has changed, in that I won't need to borrow any money now.

I am going to buy a cheaper park home than originally planned, and the house that I'm in now, is worth more than I'd estimated. It'll be tight, but I'm pretty certain I can do the move without having a loan.



Have you checked online to see if anymore specialist lending companies are out there?



Sorry to be a chocolate teapot :-(

#18
The reason you'll struggle to get more than 25K is because that is the limit of the Consumer Credit Act 1974, anything over that amount is unregulated. With the current climate and the noise around unregulated loans Id be surprised if there are many out there.

#19



The reason you'll struggle to get more than 25K is because that is the limit of the Consumer Credit Act 1974, anything over that amount is unregulated. With the current climate and the noise around unregulated loans Id be surprised if there are many out there.
Originally posted by krisdorey


That £25k limit was removed as of 2008.

#20
Black Horse finance provide unsecured loans for park homes over 10 years up to 4 x gross income minus current debts @ Apr 7.9% with min 25% deposit required subject to status.

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