Residential park homes sit on protected sites with statutory rights attached, which makes them a different proposition from a holiday static.
Whole-of-market — 60+ lenders searched, including
Sometimes, and it is a specialist market. A residential park home is a permanent dwelling on a protected site, occupied under an agreement that carries statutory protections including rights on assignment and pitch fee reviews. Because the home is a manufactured unit on land you do not own, high street mortgages are not available and funding comes from a small number of specialist lenders. Almost all purchases are by individuals buying a home, which means regulated consumer lending. Check the site licence and the written statement carefully — they determine what you are actually buying.
Used kit: Yes — resale park homes are the bulk of this market, though the age of the unit and the site rules together shape what any lender will consider.
Get a quoteor call 07581 364281
Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
Park homes are the one part of this sector with meaningful statutory protection. Occupation on a protected site is governed by legislation covering the written statement, pitch fee reviews and the right to sell the home with the agreement assigned to a buyer, subject to the site rules and commission arrangements. That protection helps, but it does not change the fundamental funding problem: the home is a chattel on somebody else’s land, so there is no land title to mortgage. A handful of specialist lenders work in this market and they look at the site licence, the age of the home, the site rules, any age restriction on residents and the commission payable on resale. Because these are homes rather than leisure units, the lending is regulated and the affordability assessment is thorough. Take independent legal advice before committing.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Omar Kingsley | Residential park home |
| Omar Southwold | Two bedroom residential park home |
| Tingdene Malvern | British built residential park home |
| Tingdene Havana | Contemporary residential park home |
| Stately-Albion Aspiration | Luxury residential park home |
| Stately-Albion park homes | British built residential homes |
| Prestige Homeseeker park homes | Residential park home range |
| Wessex Homes park homes | British built residential park homes |
| Pemberton residential park homes | Residential specification park homes |
| Willerby residential park homes | Residential twin unit homes |
Get a quoteor call 07581 364281
Predominantly people over fifty downsizing from a house, releasing equity from a family home and moving to a single storey home with lower running costs and a community around it. The trigger is usually retirement, bereavement or a decision to be nearer family. Many buyers pay outright from the house sale; those who do not need a specialist route.
Get a quoteor call 07581 364281
Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
A residential park home is a permanent dwelling on a protected site with statutory occupation rights, and you can live in it all year. A holiday static sits on a park licensed for holiday use only, usually closed for part of the year, with no residential rights. They are different in law, in funding and in what you can do with them.
On protected sites a percentage commission is payable to the site owner when a park home is sold, set by the governing legislation. It comes out of the sale proceeds, so factor it into your thinking about what you will recover. Your solicitor will confirm the current position as part of the purchase.
Pitch fees on protected sites are subject to a statutory review process rather than being changed at will, and there are rules about notice and the factors that may be taken into account. Disputes go to a tribunal. This is one of the meaningful differences from a holiday park, where fee setting is largely contractual.
Many residential parks are designated for occupants over a specified age, commonly around fifty, and the site rules will say so. That restriction affects who can buy from you later, which in turn affects resale and how a lender views the home. Check the rules before you view rather than after you offer.
Yes, and from a solicitor who understands park homes specifically. The written statement, site rules and site licence together determine your rights, and they are not the same as buying a house. This is a purchase where proper advice is worth far more than the fee, particularly if you are funding part of it.
Get a quoteor call 07581 364281
See everything we fund in static caravan and lodge finance →
Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.