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jonewer

"park Homes" Whats The Deal

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from my research most likely NO. You dont own the land.

you pay a charge to the council each week - about £20 for ground rent

then other things like a service charge e.g. water, maintenance

I m not sure, but you probably have to pay council tax as well

There are some restrictions like pets, mimimum age of occupancy e.g. 18yrs or 55 yrs

and they may not "let" you live in it all year round.

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Just found this as an example

http://www.rightmove.co.uk/viewdetails-543...pa_n=7&tr_t=buy

"Site fees are approximately £5,500.00 per year which includes gas, electric, water, sewerage and insurance. "

Thats Ekk £100 a week!

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and another

http://www.rightmove.co.uk/viewdetails-583...pa_n=1&tr_t=buy

"Council Tax: Band A

Ground Rent: £98 Per Month

Water & Sewarage: £18.15 Per Month "

cheaper this one - £29 a week -

yes you pay council tax too - on this one. It really depends where you are. You are "held to ransom" it seems in some places

Please dont buy one to get your first foot on the ladder - they are for rich people who want a home away from home near the sea. the cost of running one will probably cost more than the home itself to buy in the first place. And they might raise the charges exorbantly each year. Was it not malcolm glazer who made his fortune from squeezing park home owners (as he owned the land)?

Edited by notanewmember

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Park homes also depreciate rather than appreciate, as they are built to last just 15 years, ie if you buy one new then after 15 years it is worthless. Not exactly a good way to get on the "property ladder"!!

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Park homes also depreciate rather than appreciate, as they are built to last just 15 years, ie if you buy one new then after 15 years it is worthless. Not exactly a good way to get on the "property ladder"!!

http://www.vebra.com/home/search/vdetails....15&pid=10488018

You say that as if this isn't worth £70K of your money :lol:

Edited by theChuz

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Park homes have been discussed here in the past. Please do a search.

But in a nutshell: Park homes represent an even bigger rip off than the conventional housing market. As observed above, they deteriorate but up until now have attracted similar inflation to ordinary housing. What is more, there is no absolute security of tenure despite attempted legislation to correct this. Park homes attract retired people looking for a crime free, relatively stress free environment. The reality is that homes are incredibly expensive in return for the space and standard of build you get.

But the most damning aspect of Park Homes is that there is a completely corrupt cartel between park home manufacturers and site owners. In effect it is impossible to independently buy a park home and site it. 99% of UK home sitings are utterly controlled by site owners in league with the manufacturers. This leads to absurdities such as the actual value of homes being typically 40-60k but if you buy from a site owner you will pay an enormous premium for the privilege of living in it on site, typically three to five times that amount or more. In addition it is clear that local councils are also part of the same cartel and seem to perpetuate historical licences without any discernment or respect for the rights of dwellers.

But in return you have absolutely no freehold, nor any tangible ownership of your plot....merely the right to reside there, on the condition you adhere to the abitrary rules of the site owner, but it must be said that the rights of site occupiers are getting stronger and it is likely that current EU legislation over-rides whatever restrictions UK law allows...though this has probably not been adequately tested.

In conclusion....almost all park homes (for new owners) are a total scam and no longer a viable alternative to conventional housing.

VP

Edited by VacantPossession

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Thanks for that folks- confirmed what I thought but hadnt been able to make certain.

I was only interested in buying the land its built on in any case.... I would never want to live in one... not a pikey after all... :P

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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