Can you get a mortgage on a static caravan?
Buying a static caravan is an exciting venture in almost every respect and the opportunity to escape on holiday at a moment’s notice is a novelty that is unlikely to wear off any time soon. With Haven’s advice and a number of flexible finance options, funding your static caravan purchase is made as easy as possible.
Not everyone can afford to purchase a holiday home outright so naturally many people look for alternative options when it comes to park home finance. If that’s why you’ve stumbled across this article then rest assured that you’re in the right place. We’ll address the question that many of you will be asking - “can you get a mortgage on a static caravan?” While the answer is not a straightforward yes or no, we’ve simplified it for you. The way to obtain credit for and purchase a static caravan is quite different to that of a traditional house. So, if you’re interested in making a holiday home purchase, whether that be a static caravan or luxury lodge, but don’t know all the ins and outs, read on for the insider tips and information on static home finance.
Is there such a thing as a static caravan mortgage?
At Haven we often hear the question “Can you get a mortgage on a static caravan?” It’s a reasonable query to make - if you can raise a mortgage for a brick-and-mortar house, then why not a holiday home? Well, the short answer to this question is no, but this doesn’t mean that there are not other ways to finance your static caravan.
Before we look at the alternatives, first let’s look at why mortgages for caravans don’t exist. The reason that you cannot take out an ordinary mortgage on a static caravan is that mortgages are strictly speaking, only applied to properties that are sold with the plot of land they are built on. This piece of land is registered with the UK Land Registry which allows it to be subject to a mortgage. As static caravans do not come with any land, you can’t take out a mortgage on one. There is godsend of park home finance which does a great job of making things easier. So, even if you can’t secure anything such as a mortgage loan, there are other options out there for you.
What alternatives are there to a mortgage at Haven?
As static caravans and lodges are not recognised by the UK Land Registry, you will need to look for alternative financing options. In place of a static caravan mortgage, we offer caravan finance (subject to status and availability). This finance option allows many people to purchase static caravans who couldn’t otherwise, reduces the stress and hassle, and turns dreams into reality.
Our caravan finance makes the full cost of a model more affordable as it enables you to pay in instalments, eliminating the need to pay the full cost upfront. This allows you to pay a small chunk initially and then pay the rest at your own pace, much like an ordinary mortgage. You’ll find many deals on the market to make joining the world of static caravan ownership easier and our offer at Haven is as competitive as any of them. Here’s how it works:
Deposit of 10% of the caravan's value
Receive a reasonable 5.71% fixed repayment rate (10.6% APR) to make repayment manageable
Get a 30-day money-back guarantee, just in case you have a change of heart
We offer a fixed-rate finance option from Santander
Lots of our owners choose to finance their holiday home purchase with the plan outlined above. With one up-front deposit, followed by affordable monthly payments, you could be the happy owner of a Haven holiday home in no time. Indeed, these monthly repayments are very competitive and more reasonable than many think.
We receive regulation from the Financial Conduct Authority and work alongside Santander to offer this wonderful fixed-rate finance option. Our professional team looks after you every step of the way to put in place the right payment plan so that you can have more time to enjoy your holidays with your family and less fretting over finances.
Why choose to finance your static caravan?
There’s no right or wrong way to purchase a caravan. A lot will depend on your personal and financial circumstances. You might find it easier to pay a lump sum upfront and secure your ideal holiday home there and then. However, you may also find that, having assessed your needs, finance is the better route to go down.
Finance is subject to status and availability, and if approved allows you to spread the price you pay into affordable monthly payments, providing a more approachable and realistic path to purchasing your holiday home. Offsetting the initial financial burden and a low repayment rate helps make caravan finance a highly appealing option. In addition, buying upfront means you’d be investing a fair bit of money into an asset that depreciates over time. As a result, it may be more financially astute to buy your holiday home with a finance plan just in case you decide to sell later on down the line.
Ultimately, buying a Haven holiday home can be a dream come true, but not if you're taking unnecessary financial risks. That’s why we offer our finance package. Whatever the case, our experts are happy to talk you through all the options available to you and get you started on your ownership journey. We can help you decide if you’re a suitable candidate to buy one of our static caravans with finance, so please don’t hesitate to get in touch.
If you have questions about buying a holiday home, please don't hesitate to contact us. Call us, chat to us online or book a park visit, we'd love to hear from you.
General Terms and Conditions: Park cannot be used as a permanent residence. Haven Leisure Ltd is registered in England (No. 01968698) and is a FCA appointed representative of Bourne Leisure Limited (t/a Haven). Bourne Leisure Ltd is registered in England (No. 04011660) and is authorised and regulated by the FCA (Financial Services Register No. 312847) as a credit broker and insurance distributor. Registered office: One Park Lane, Hemel Hempstead, Hertfordshire, HP2 4YL. We may receive commission from the finance provider if you enter into an agreement with them.
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Important information
Let2offset - make no site fee payments until 2031
Let2offset is a contractual lettings product that offers eligible owners a guaranteed letting income at a preferential rate (calculated each year) in exchange for a stipulated number of letting breaks. It also allows eligible owners to pay their site fees and receive their letting income in 12 equal monthly instalments; the monthly site fee amount charged by Haven will be after deduction of the letting income.
‘Make no site fee payments when using Let2offset until 2031’ is available at 33 Haven parks excluding Burnham, Cardigan View, Far Grange, Garreg Wen, Lydstep Beach, Riviere Sands and Seaview. The letting income received will vary by make, model and location. The monthly site fee payment does not include running costs e.g. utilities, rates & insurance.
“Make no site fee payments when using Let2offset until 2031” is applicable to new and existing customer purchases of new Atlas Sahara 3 Bed or equivalent or superior grade holiday home purchases made through Haven where customers have also signed up to Haven’s Let2offset contract. It is not applicable to private sales and cannot be used in conjunction with our free Site Fee promotion. It is available across 40% of eligible Parks and applies when letting a new Atlas Sahara 3 Bed holiday home (or equivalent or superior grade for 15 weeks.
An example of how “Make no site fee payments when using Let2offset until 2031” operates under Let2offset is the purchase of an Atlas Sahara 3 Bed holiday home at Primrose Valley with a monthly site fee of £585.00 (includes purchasing discount of £45) and monthly letting income of £803.67. The monthly difference equates to £218.67, which will be credited to the owner's account. Both letting income and site fees are subject to yearly pricing reviews and the monthly site fee costs and letting income shown in the example are based on 2024 figures.
Modelled assumptions on expected annual site fee and letting income charges over the 7-year lettable life of the Atlas Sahara 3 Bed indicate that under Let2offset it is anticipated that these customers will continue to receive a monthly credit during this period, however, this is not guaranteed. The modelled assumptions are based on the historical performance of Haven over the past 5 years of trading.
Images are shown for representational purposes. Access to holiday home is subject to park opening times.
Park cannot be used as a permanent residence. Haven Leisure Ltd is registered in England (No. 01968698) and is a FCA appointed representative of Bourne Leisure Limited (t/a Haven). Bourne Leisure Ltd is registered in England (No. 04011660) and is authorised and regulated by the FCA (Financial Services Register No. 312847) as a credit broker and insurance distributor. Registered office: One Park Lane, Hemel Hempstead, Hertfordshire, HP2 4YL. We may receive commission from the finance provider if you enter into an agreement with them.