Site Rent: Council Tax:

This varies from site to site but the average is approximately £110.00 to £120.00 per month. Usually Band A. This again varies from local authority, say £60.00 per month.

Water rates are sometimes included in the site rent but may be approximately £3.00 per week.

Other costs such as heat, lighting and insurance also have to be allowed for.

Solicitors are not usually involved in the buying and selling of Park Homes as the purchaser is either given a new 1983 Mobile Home Act agreement or is transferred to the existing agreement of the home owner.

In our experience it has not proved possible to obtain a high street bank/building society mortgage but there are specialist Park Home lenders including RoyScotLarch at Abingdon who can be contacted on (01235) 520559 for details of their lending criteria.

For less expensive homes it is sometimes possible to obtain a personal loan from a bank. This may be the only possibility if a purchaser does not have a deposit of at least 20% of their proposed purchase price. Normally only Park Homes no more than 15 years old are considered for a finance through Park Home finance companies.

On any future resale Park Home site owners are permitted to charge up to 10% of the sale price and it is most unusual for this provision to be waived.