Refinancing a static is harder than refinancing anything else in this market, and it is worth understanding why before you spend time on it.
Whole-of-market — 60+ lenders searched, including
Rarely for private owners, more often for park businesses. The difficulty is the same one that limits purchase finance: the unit stands on a pitch you do not own, under a licence the park controls, so a funder taking security on it has no practical way to recover the asset without the park’s cooperation. Most consumer funders will not refinance a static on that basis. Park operators refinancing units on land they own are in a much stronger position, because the pitch obstacle disappears and the agreement is unregulated business finance assessed against the trading business.
Used kit: Yes — refinance always involves an existing unit, but the years left under the park’s age policy usually determine whether anything can be done at all.
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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).
For a private owner the honest answer is that options are thin. A funder refinancing a static would be securing against a unit it cannot remove without the park’s agreement, on a pitch subject to an age policy that may end the unit’s life there within a few years, with site fees ranking ahead in practice. Very few consumer lenders will take that on, and those who do want the licence, written confirmation of the age policy and the remaining term. For a park business on freehold land it is a different conversation altogether: the units are owned equipment on owned ground, the agreement is unregulated, and the funder underwrites the park’s accounts and occupancy. If you are a private owner, we will tell you straight away whether anything is realistically available.
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 |
|---|---|
| Willerby Vogue Classique | Owned static holiday caravan |
| Willerby Malton | Owned two bedroom static caravan |
| ABI Ambleside | Owned static holiday home |
| ABI Windermere | Owned static caravan on a park |
| Pemberton Arrondale | Owned luxury holiday lodge |
| Pemberton Rivington | Owned static holiday home |
| Victory Riverwood | Owned holiday lodge |
| Atlas Debonair | Owned static holiday caravan |
| Swift Moselle | Owned British static caravan |
| Carnaby Envoy | Owned static holiday home |
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Occasionally an owner who bought a lodge outright from a house sale and now wants capital back without giving up the pitch. Far more often a park operator releasing value from owned hire stock to fund site improvements, a new amenity block or additional pitches. The trigger for operators is usually a capital project timed for the closed season.
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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.
Because the funder cannot get to the asset. It stands on land the park controls, removal needs the operator’s agreement and specialist transport, and the park’s age policy may end its life on that pitch regardless of condition. Security a lender cannot realise is security most lenders will not accept.
Almost certainly, and a funder is likely to want written confirmation from the park about the licence term, the age policy and whether it will permit a third party interest in the unit. Some parks cooperate readily, others do not. Speak to the park office before assuming a refinance is possible.
Somewhat, because a newer unit has more years remaining under the park’s age policy and holds more value. It does not remove the underlying problem of recovery, but it improves the picture enough that a funder may consider it where they would decline an older unit with only a few seasons left on the pitch.
Yes, and this is where refinance in this sector mostly happens. Units owned by a business on its own land are ordinary business assets, the agreement is unregulated, and funders assess the park’s accounts, occupancy and site licence. Operators commonly use it to fund site development during the closed season.
Often the realistic options lie elsewhere — borrowing secured on a property you actually own, or selling the unit if the money is genuinely needed. We would rather tell you that plainly than take you through an application unlikely to succeed. Where something is available, we will explain exactly what the funder needs.
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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.