Playground house financing: three ways to fund your purchase

In the event the concept of way of life on the a quiet, remote home about country one of a residential area out of such-minded neighbors you like, then you’re one of many. Over 250,100 people in the united kingdom made the decision to disperse so you’re able to a playground home and, as they is cheaper than conventional services (as the the self-help guide to park house will set you back explains), it’s currently a very popular opportinity for people to provide collateral to pay for its old-age.

But, whether or not playground belongings tend to be apparently reasonable, you’ll still need to think regarding how you plan to safety the price. The process of purchasing a park family would be rather so you’re able to different to to get a traditional property, so there isn’t the choice to take out home financing. Yet not, you can find about three head ways in which you can finance their playground house purchase:

• Taking out a loan
• To get downright (having fun with savings otherwise launching equity)
• Playing with a part-exchange system

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Park home loans

One of the key differences when considering a playground home and you will a conventional property is you can’t get a mortgage toward an effective park home. This is because park homes don’t have the same court status – you can learn much more in our guide to playground homes and mortgage loans. Continue reading →