Residential parks sit outside the capital rather than inside it, so most buyers are looking at Essex, Kent, Hertfordshire, Surrey and the outer edges of the M25. The move is usually a short one, keeping hospitals, family and familiar roads within reach while releasing a large part of the value tied up in a house.
The pitch fee deserves proper scrutiny. It is reviewed once a year on the date named in your agreement, and the agreement sets out how any increase is calculated. Ask what it covers, what is billed separately, and what it has done over the last three years.
Examine the home as closely as the park. Ask whether it was built to the BS 3632 residential standard, how well it is insulated and what heating it uses. A home built to holiday specification costs noticeably more to run through a winter.
Very few. Land values and planning constraints push residential parks outside the capital, so buyers generally look to Essex, Kent, Hertfordshire and Surrey, much of it within an hour of where they live now.
Yes, provided the park holds a residential site licence. That licence is what makes the home your permanent address. Holiday parks, even those open twelve months, do not allow permanent residence.
The pitch fee is what you pay the site owner for the plot the home stands on. It is reviewed annually on the review date in your written agreement, which also explains how an increase is worked out. Ask for the last three years of increases before you buy.
Not a standard mortgage, because you own the home but not the land under it. Most buyers use cash, proceeds from a house sale, or specialist park home finance from lenders active in this market.
Park homes must be sold privately, not through the park itself, though the site owner may occasionally buy it back. The site owner is usually entitled to a resale commission, commonly around 10% of the sale price, as set out in the written agreement.