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PARK HOME FINANCE

See What Park Home Finance Could Cost

Use our free calculator to estimate monthly repayments, deposit requirements and the overall cost of financing a park home.

FINANCE CALCULATOR

Calculate Your Estimated Monthly Cost

Enter the purchase price, deposit, interest rate and repayment period to see an estimated breakdown.

Illustrative finance estimate

How much could it cost to finance this home?

Illustrative only
Current asking price £125,000
Advertised pitch fee Not provided
Estimated finance payment per month
20% deposit 8% interest 10 years
Finance payment
+
Pitch fee Not provided
=
Finance + pitch fee per month

Finance payment plus pitch fee is not the total monthly cost of living in the home. Council tax, utilities, insurance, maintenance and other costs are not included.

Purchase price £125,000
Deposit £25,000 20%
Financed £100,000 80%
Total repayments
Total interest
Number of payments 120
Edit calculation
Defaults to the advertised asking price.
£
% of asking
£
%
0% 20% 100%
£25,000 20%
£
%
£100,000 80%
%
Enter an assumed rate for illustration. This is not an APR or finance quotation.
years
months
Park home sale commission explained
%
Up to 10% is used for illustration. The actual position depends on the transaction and applicable law.
Agreed purchase price £125,000
Seller receives
Site owner commission
Total agreed purchase price £125,000
The commission illustration is not added on top of the agreed purchase price.

Where a statutory park-home sale commission applies, this calculator illustrates the commission as forming part of the agreed sale price rather than increasing the buyer's purchase price.

Rules can differ according to jurisdiction, transaction type and individual circumstances. The applicable position should be checked before a sale is completed.

Important information

This calculator is provided for general illustrative purposes only.

360 Park Homes does not provide, arrange, underwrite or recommend finance. This calculator is not connected to, sponsored by or backed by any lender, broker or finance provider.

Results are mathematical estimates based solely on the figures entered or displayed. They are not a finance quotation, offer of credit, assessment of affordability, indication of eligibility, approval decision or financial advice.

Actual interest rates, APRs, fees, deposits, repayments, lending criteria and finance terms may differ between providers and applicants.

Users should carry out their own research and, where appropriate, obtain independent financial or legal advice before making decisions.

To the fullest extent permitted by law, 360 Park Homes accepts no responsibility for decisions or losses arising from reliance on estimates produced by this calculator. Nothing in this notice excludes liability that cannot lawfully be excluded.

Understand the Numbers

Deposit

See how changing your upfront deposit affects the amount you may need to finance.

Monthly Repayment

Estimate how much the finance could cost each month over your selected term.

Total Cost

Understand the approximate total amount repaid across the finance period.

Financing a Park Home Isn't the Same as a Mortgage

Residential park homes are generally classed differently from conventional bricks-and-mortar property, so a standard residential mortgage is not normally used to purchase one.

Specialist finance may instead be available, with the amount you can borrow, deposit required, interest rate and repayment term depending on the lender and your circumstances.

 

Remember the Ongoing Costs

First Key Benefit

Most residential park homeowners pay a regular pitch fee to the park owner.

Insurance

Park home insurance is another ongoing ownership cost.

Future Sale

Qualifying residential park home sales can involve a commission payable to the park owner under the applicable rules.

Utilities

Electricity, gas, water and other services should be included in your monthly budget.

Disclaimer

The calculator provides estimates for illustrative purposes only. It does not constitute financial advice, an offer of finance or confirmation that finance will be available.

Actual rates, repayments and eligibility will depend on the finance provider and your individual circumstances.

360 Park Homes is not responsible for financial decisions made using calculator estimates.

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