Park Life >> Finance for Park Homes
Finance for Park Homes
There are three main providers of park home finance in the UK and they can generally offer finance for new and used park homes of between £25,000 and £150,000, up to a maximum of 75-80% of the value of the home. The actual amount you can borrow depends on your credit rating and may vary between providers.
It will be difficult to find financing for homes valued at less than £75,000. As with a regular mortgage, borrowers can choose between an interest-only loan or a repayment loan.
Contact details for Park Home Finance vendors:
Park Home Assist
0845 402 0631
www.parkhomeassist.co.uk
RoyScot Larch
01235 438280
www.royscotlarch.co.uk
Capital Bank
0845 603 8816
www.park-home-finance.co.uk
We recommend that you obtain quotations from at least two companies and compare the quotations carefully before making a decision to raise finance on a park home.