Below are some of our most frequently asked questions regarding the particulars of buying a Residential Park Home or a Luxury Lodge. For any queries you may have that aren’t answered below, get in touch and one of our Park & Home specialists will be more than happy to help.
THE LEGAL ASPECTS OF LIVING IN A PARK HOME
The homes are bought directly from the Park of your choice. You do not need to employ a solicitor to buy park homes as conveyancing takes place due to the fact that you are not purchasing the land that the home is sited on. You have the right to remain on the park with your home indefinitely.
As Park Homes are built to British standard 3632 for residential purposes, residents will get protection under the 2013 Mobile Homes Act Agreement, which is the legal document, issued between the Home Owners and the Park Operator at the point of sale. This gives residents complete security of tenure and they will be able to live in the home on the park for as long as they wish. There is no age-limit placed on the park homes themselves, the only stipulation is that residents comply with the park rules and pitch fees are paid when due.
When living on the park you will be charged a pitch fee or ground rent. This is usually charged on a monthly basis and covers the running costs associated with the business. This includes the upkeep of communal areas, security and any on park facilities as documented within your Mobile Homes Act Agreement. This charge is similar to the maintenance charge normally associated with apartments and serviced accommodation.
WHAT IS THE DIFFERENCE BETWEEN A RESIDENTIAL PARK AND A HOLIDAY PARK?
Our Residential Bungalows or Park Homes are located on one of our Residential Parks. These are exclusively for those ages over 45 as the Parks have a minimum age requirement. Our Luxury Holiday lodges are located on one of our Holiday parks, which allow for an additional/ second home purchase as they are not permitted to be a permanent address of residency.
ARE CHILDREN ALLOWED ON THE RESIDENTIAL PARKS?
Absolutely, we love to see children and grandchildren when they come to visit family and friends who live on the park. However, the park is not allowed to be a child’s permanent address of residency.
CAN PETS LIVE ON THE PARKS?
We have lot’s of residents and holiday home owners with pets and dogs. Each park has it’s own terms and conditions and pet rules so you may wish to check each specific park. As a general rule a maximum of two dogs are allowed per home. All pets should be well behaved and of course not a nuisance to other residents on the park.
CAN I RENT MY HOLIDAY LODGE?
We work closely with Hoseasons to be able to offer our Holiday Lodge owners a facility whereby you can rent your lodge and earn some extra cash when you are not using it. This service is provided by Countrywide, we will pay any income that is made from the rental of your lodge every quarter, minus a small fee for our service.
WHY LIVE ON A RESIDENTIAL PARK?
Downsizing from a family home, that is now underused with high running costs to a park home that is easily maintained is easier than you think. This will also give you the opportunity to release any equity tied up in your family home ready for you to spend on the family or that long awaited trip of a lifetime. Each of our modern bungalow style homes come fully furnished with all new integrated appliances. We have partnered up with some of Europe’s industry leading manufacturers to bring you high standard bespoke design homes, with your every requirement addressed.
Our Residential park homes are exclusively for those aged over 45 and often retired or semi retired residents. Lending themselves as private sociable communities. Each home comes with a garden area for you to enjoy a slower pace of life. Each park offers its own set of amenities, but generally our sites have beautifully landscaped gardens.
WHAT IF I SELL MY PARK HOME?
When a park home is sold privately on the park, the park operator is entitled to charge a commission based on the sale value of the home. The commission is up to 10% of the sale price, the exact percentage will be documented in the owners Mobile Home Act Agreement. This commission should not be compared with estate agent fees. The commission relates to the land value and the potential increase in the value of the home brought about by increase in land value and standard of the park. This commission is used by the park operator to maintain and improve the park infrastructure, which in turn adds value to the homes sited on the park.
There is a procedure to follow when selling your park home and the Government have produced several park home fact sheets to assist residents, you can find further information and copies of the fact sheets available by following this link:
CAN A PARK HOME BE PASSED ON IN A WILL?
Yes, park homes can be passed on in a will. Consideration must be given that if you leave your park home to someone who is not currently a resident on the park, before the new owner can occupy the home, they must comply with the parks rules. This is of particular importance should the park have a minimum age restriction on it’s prospective residents. The heirs can always sell the home if they wish.
CAN PARK HOMES BE FINANCED?
There are a range of flexible options available on all of our new park homes, from our unique 100% market value part exchange promise and equity release to our convenient assisted move scheme.
Talk to our team of advisers and they will look at your personal circumstances and help find a solution to any concerns or issues you may have. All you have to do is call 0800 150 3333 and speak to a member of our team to see how we are able to assist you.
HOW MUCH MAINTENANCE DOES A PARK HOME REQUIRE?
A new park home is likely to need little to no maintenance during the first 10 years, other than external painting every 3 – 4 years. As with all properties, the guttering should be checked and cleaned regularly but other than personal changes, maintenance on a park home is extremely low.