Specialist solicitors in park home purchases LSL solicitors
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From this you will be abe to check that the Site Licence is for residential purposes for twelve months of the year. One big advantage is that park homes have the lowest council tax band. Paying for energy bills and other utilities on the land is also an advantage. Park homes also have plenty of space on the outside and are a place of their own. Since we have looked into the disadvantages, it’s good to know the advantages of a park home.
And if you’re buying abroad you won’t have the hassle of currency exchange as you can buy in pounds sterling. Moving into a pre-owned park house is normally much quicker than moving into a new home. This is due to the time it takes to design, build and move a new property. The only exception is when an existing owner requires a long moving-out period. Some people love living in a park home, while others discover park life is not for them. It is markedly different from other housing solutions, and you need to be sure that you are making the right choice.
Documents
Just like a brick and mortar home, you’ll pay electricity, gas and water plus council tax which usually falls into the cheapest category, band A. If you’re considering taking the plunge and buying your holiday home outright, here are 10 things to consider. Whether you’re relocating abroad or just want to enjoy a relaxing holiday in a park home , there are plenty of benefits to owning your own caravan or luxury lodge.
1.13 If the site owner objects to the sale going ahead, they must make an application to the First Tier Tribunal for a refusal order and must also notify the seller in writing of their application. They must do these two things within 21 days of the seller giving them the notice of proposed sale. If the seller is not given the notice within the 21 day period the site owner’s application will not be valid. You will need to ensure that you complete and are given all the necessary paperwork. Different rules apply between buying a home from a resident or the site owner. If you are buying the home from an existing resident, the site owner will be entitled to 10% commission of the sale price.
What happens when the seller sends the form to the site owner?
If you are happy to agree to an earlier completion date – i.e. less than 28 days from the date you were provided the information and documents – you must confirm that in writing to the seller. 1.4 The information and documents that they are required to provide you with are listed in the Buyer’s information form. If you are buying the home from a resident you do not need to contact the site owner. You do not have to give any personal details to the site owner or attend an interview with them, even if you are told you do. The key legislation governing the selling and gifting of park homes is contained in Chapter 2 of Part 1 of Schedule 1 to the Mobile Homes Act and in the Mobile Homes Regulations 2013.
Similarly, with water, they can only charge you what they paid for it as well as a reasonable administration fee. The park home site you choose to live on will come with its own specific fees, so it's important that you ask about these whenever you're shopping around. To help us improve GOV.UK, we’d like to know more about your visit today. Don’t worry we won’t send you spam or share your email address with anyone. Check to see if the Park Owner is a member of either of our Trade Associations - the British Holiday and Home Parks Association or the National Caravan Council. If the park advertises on our website, you can check to see if they are a member by visiting their information page.
The costs of running a park home
Understanding your own motivations can help you establish whether you are making decisions for the right reasons. From a financial point of view, park model homes are the perfect investment. They are turnkey solutions to affordable living and usually come fully furnished and fitted with air conditioning, plumbing, lighting, and entertainment. Given their comparably low sticker prices and lower recurrent expenses, they are perfect for retired seniors and couples just starting life.
Park homeownership is unique and different from the traditional form of ownership. It is important to consult with a solicitor to check for proper advice before making a decision. Make sure there is an expert who can guide you through the entire process.
It is estimated that a 160,000 people live in park homes in England alone. 3.19 You will need to refer to the pitch agreement, written statement and site rules in the future, especially if an issue about your rights or obligation arises or you want to sell your home. It is, therefore, essential you keep the documents and any amendments to them, in a safe place.
You should treat them as part of your agreement, rather than those given to you by the site owner. 2.16 You must pay the seller 90% of the sale price when the sale is completed. You must hold the remaining 10% as commission which has to be paid to the site owner later. 1.28 Within 7 days of the assignment, you must send the site owner a ‘Notice of assignment form’ together with a number of documents.
Like any other home purchase, buying a park home is a major commitment. You are, therefore, strongly advised to take advice from a solicitor or another professional – independent from the seller or site owner – when buying a home. Pre-owned park homes are a great option if your budget doesn't stretch too far, and you can always update them to suit your needs and style.
When you're thinking about buying a park home, it's important that you consider all of the points we've discussed. This will help you to find a home you can be happy in for years to come, and will prepare you for any problems that might arise both before and after you make your purchase. As park home site fees can vary, you should always ask about these before deciding to move onto a specific site. You may find that some parks have certain age restrictions, but there will be others that are happy to accept everyone from young singles to elderly couples. If you use assistive technology and need a version of this document in a more accessible format, please email Please tell us what format you need. Because park home purchases can occur very quickly, we recommend that if you are going to instruct us then you do so at the very earliest opportunity.
1.31 As soon as is practicable after receipt of the Notice of assignment form, the site owner must provide you with details of their bank account into which the commission should be paid. It's very important that you understand the difference between buying and leasing a plot of land, as the length of the site lease could determine what kind of financing you're eligible for. It's also vital that you're aware there's no standard finance option for park homes. This means that you need to do plenty of research to find the best option for you.
3.16 After you have purchased a home, you can apply to the First Tier Tribunal to vary or delete an express term in the agreement if you consider it be inappropriate or unfair. 2.23 The site owner is not entitled to any other payments in relation to the sale of a home. 2.8 It is the seller’s responsibility to make all diligent enquiries to obtain the necessary information and documents. 2.1 This section applies if you are buying a home from a resident who bought their park home on or after 26 May 2013. 1.33 The site owner is not entitled to any other payments in relation to the sale of a home.
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Most parks need residents to keep their plots clean and tidy at a minimum. But there may also be rules about noise and how community space is used and shared. This can significantly impact how much you enjoy your new home, so make sure you are clear on the park rules. While the park owner should cover maintenance to the site itself , you need to keep your property in good shape if you want it to retain its value and remain comfortable for your entire occupancy. For this reason, specialist park home insurance is more often than not an excellent idea. However, it is a good idea to enlist the assistance of a specialist solicitor with experience in park homes or property generally.
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