Static Caravan, Lodge & Park Home Finance

Why there is no such thing as a lodge mortgage

People search for a holiday lodge mortgage or a park home mortgage constantly, and it is a perfectly sensible thing to look for — it just is not the product that exists. A mortgage is secured against land and buildings. A static caravan, lodge or park home stands on a pitch you licence rather than own, so it is legally a chattel: a possession, like a vehicle. That is why high street mortgage lenders decline these purchases, and why being declined says nothing about you.

What does exist is specialist finance, usually hire purchase secured against the unit itself, over terms that reflect the pitch agreement as well as the unit.

Static caravan finance

Sited holiday statics are the most commonly funded, and holiday home finance of this kind is a distinct product from a mortgage. A static caravan loan taken unsecured is the other route people consider, though it usually prices worse than finance secured on the unit. The lender assesses the van and, crucially, the park — how many years remain on the site licence, and whether the park is established. Buying a static caravan with a short remaining licence limits the term, because no lender wants an agreement running past the point the van has to leave the pitch.

Holiday lodge finance

Lodges are higher value and often twin-unit, which makes the pitch agreement and the park’s reputation matter more rather than less. Terms are typically longer than on a static, reflecting build quality and the way lodges hold value, but the same licence-length arithmetic applies.

Park home and mobile home finance

Residential park homes are a different proposition again, because this is somewhere you live rather than holiday. Sites are covered by the Mobile Homes Act, and lenders will want to see that the park is properly licensed and that the pitch agreement is a residential one. Mobile home finance for permanent occupation is a specialist niche and the lender pool is smaller, which is exactly when whole-of-market matters.

Glamping pod finance and holiday letting

Glamping pod finance follows the same logic as lodges, with one difference. If the unit is being bought to let rather than to use, the assessment changes: it becomes a commercial proposition assessed on projected income and your wider position. Glamping pods, shepherd’s huts and letting lodges are all fundable, and often as business rather than consumer finance, which can suit better.

What to send us

Send us the unit, the price, and the park — specifically how many years remain on the site licence, because that single fact drives the term more than anything else. Tell us whether it is for your own use or to let, since that changes which lenders we approach. No credit check to ask.