Moving to a park home

Tips for Moving to a Park Home

Posted by Justin Allitt in Buying, July 28, 2016

Thinking of moving to a park home?

Having likely lived in a traditional bricks and mortar home your entire life, it can be a big step moving to a park home. While there are many benefits to buying a park home, there are some things you should know beforehand, so we’re going to run through some of our top tips;

Check your finance options before moving to a park home

If you can afford to fund your park home yourself, then great. But while technically speaking you can’t get a mortgage on a park home (due to the fact you own the home but not the land it is situated on), there are finance options available. Specialist finance companies such as Pegasus Finance are available which offer loans specifically for the purchase of a park home.

These kinds of loans are usually available as both fixed rate and variable rate schemes and have repayment periods of up to 25 years. However, you may face higher interest rates on these so it may be wise to seek guidance from a financial advisor.

Make sure you’re moving to a licensed park

Licensed parks are those which follow a detailed set of conditions laid out by the local authority. These licenses ensure that the park meets necessary guidelines regarding things such as park maintenance, health and safety, capacity restrictions and supply of utilities. To check if a park is licensed, contact your local authority. This maybe be displayed in a park office. It is  also important to confirm the park has a residential license as opposed to a holiday License. With a holiday license, an owner could only spend a certain amount of months of the year at the park.

Speaking to a third party, a solicitor can be consulted and confirm any issues that may arise.

Take out park home insurance

Just like with any bricks and mortar home, it’s of the utmost importance to get insurance sorted as soon as possible before moving into a park home. Insurance is not usually covered by the park or included in your fees and you might have an obligation to do so in your contract. There are some companies which offer specialist insurance to park homes such as Towergate Insurance. These companies usually offer comprehensive cover and contents insurance.

Talk to other park home residents

If you are at all apprehensive about making the jump to park home living, one of the best things we can suggest is speaking to someone who has already done so. See if you can grab a word with an existing resident when you’re viewing a park home and pick their brains about what it’s really like. Ask about things such as whether the site is well looked after and whether there are any problems with the site but also ask about some of the positives! There really is no better way to get to know what moving into a park home is like than speaking to someone who is already enjoying it!

Be well prepared before moving to a park home

Just like moving to a bricks and mortar home, it pays to have everything sorted out as soon as possible. This means contacting a telephone, broadband and TV companies well ahead of time to make sure that everything gets set up as quickly as possible. Also contacting a removal company early (the end of the month and Fridays are the busiest daysfor removal companies).

Further reading on five things to consider when buying a park home.