Fees & Finance
Home buying made easy
Buying a residential park home
Buying a residential park home is an exciting step, but it’s important to understand the full financial picture. From the cost of your new home to ongoing site fees and legal requirements, we guide you through everything you need to make an informed decision.
Costs Involved
Your investment at a glance
When buying a park home, there are several costs to consider:
Purchase Price
Residential homes at Merley Court start from £289,995. View our available homes.
Stamp Duty
You do not have to pay stamp duty on a residential park home. Stamp duty is typically only applicable to traditional property transactions involving land or bricks-and-mortar homes, not to park homes.
Site Fees
Site fees are mainly charged for leasing the land where your home is situated. Although you will fully own your home, the park operator retains ownership of the land, so site fees will still be applicable. The site fee for 2025/2026 is £304.70 per calendar month. The pricing is reviewed annually, and Shorefield has the authority to adjust it in line with the Consumer Price Index (CPI).
Council Tax
Typically, park homes will have a low council tax band - expected Band B.
Utilities & Insurance
There will be the usual utility bills to factor in, like electricity, water, and gas, as well as other bills to remember such as insurance, and potential maintenance or repair costs.
Legal Fees
Our dedicated team of experts are here to support you throughout the entire process and address any questions you may have. While appointing a solicitor is not necessary, should you prefer legal guidance or have concerns that fall outside our expertise, we recommend seeking professional legal advice.
For a full overview of each stage of buying a park home, see our Buying Journey page.
Financing Your Home
Making your home affordable
There are several ways to finance a residential park home:
Mortgages
Traditional mortgages are not available for residential park homes. This is due to the classification of these homes and the nature of the tenure. Residential park homes are often considered mobile homes or caravans and are situated on land that is leased rather than owned outright, which does not meet the criteria for standard mortgage lending.
Instead of traditional mortgages, you might explore the following alternative financing options:
Specialist Park Home Loans: Some lenders specialise in loans specifically designed for park home. These loans may have different terms and conditions compared to traditional mortgages.
Part-exchange: Trade your current home to simplify the process, avoid delays and achieve a guaranteed sale. See our Part-Exchange page for more information.
Personal Loans: Depending on your creditworthiness, you might qualify for an unsecured personal loan. These loans can be used for a variety of purposes, including purchasing a park home.
Equity Release: If you already own a property with substantial equity, you might consider an equity release scheme to fund the purchase of a park home.
Savings and Investments: Using personal savings or investments to fund the purchase can be a viable option if you have sufficient funds available.
(Remember! It's important to research and understand the terms and conditions of any financing option you consider, or consulting with a financial advisor can also be beneficial).
Reselling
When it comes time to move on, it's important to understand your options for reselling your park home. You can sell your park home through a traditional estate agent, or park home specialist, as you would any other home. Please note it is currently government legislation that a 10% commission of the sale price is payable to the Park Owner upon completion.
Residential vs. Holiday Park Homes
It’s crucial to know whether your new home will be residential or holiday-use, as this affects financing, legal protections, and usage rights. Watch this quick guide from the British Holiday & Home Parks Association to understand the key differences.
Featured homes
We have a fabulous choice of accommodation designed to suit all budgets and tastes
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Prestige Sofia£424,995 x2 x2Coming SoonDiscover the beautifully appointed 45 x 20 Prestige Sofia, a luxury two-bedroom park home featuring vaulted ceilings, floor-to-ceiling windows, a stylish shaker kitchen, utility room and a spacious master suite with walk-in wardrobe and en-suite.
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Omar Middleton£329,995 x2 x2Available nowThe Omar Middleton at Merley Court is a well-designed park home with a utility room, offering comfortable living, classic style, and a peaceful setting within a welcoming community.
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Omar Colorado£349,995 x2 x2Available nowThe Omar Colorado is a beautifully designed park home offering modern interiors, generous living space and a peaceful setting - perfect for stylish, low-maintenance living.
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Omar SerenityRESERVED£369,995 x2 x2ReservedThe Serenity is a luxurious, sociable park home designed with multiple relaxing zones, flexible living spaces, and striking architectural features.
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Omar NewmarketComing Soon!£289,995 x2 x1Coming SoonThe Newmarket is a modern and affordable home, featuring a sleek, semi open-plan design and Omar’s signature quality craftsmanship.
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Willerby AcornRESERVED£374,995 x2 x2ReservedThe Acorn is a true classic, offering a versatile design that effortlessly fits your way of life.
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Willerby AcornRESERVED£399,995 x3 x2ReservedThe Acorn is a timeless classic that has a fully flexible design that adapts to your lifestyle and built to extraordinary standards.
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Pathfinder MerleySOLD£479,995 x2 x2SoldThe Merley exudes the charm of a country home that has been blended seamlessly with a Scandinavian twist.
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Willerby AcornSOLD£299,995 x2 x2SoldThe Acorn is a timeless classic that has a fully flexible design that adapts to your lifestyle and built to extraordinary standards.
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Your Perfect Plot£289,995 x2 x1Available nowWe have a number of plots for sale on the park available to purchase a home of your choosing on starting from £289,995.
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Willerby AcornSOLD£329,995 x2 x2SoldThe Acorn is a timeless classic that has a fully flexible design that adapts to your lifestyle and built to extraordinary standards.
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Omar IkonSOLD£359,995 x2 x2SoldThe Ikon is a contemporary and iconic park home with design flair and quality throughout and features a new interior design scheme.
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Pathfinder TuscanyRESERVED£299,995 x2 x2SoldThe Tuscany holds the best aspects of a botanical garden, having a light and breezy feel with a modern yet cosy feel flowing throughout this beautiful, bestselling home.
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Omar ImageSOLD£319,995 x2 x2SoldAffordable, contemporary and fresh, the Image park home from Omar stands out for its kerb appeal and offers a perfect blend of style and practicality.
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Frequently asked questions
Just some of the common questions our team get asked about financing a residential park home
Do you have a question that hasn't been answered yet?
Contact Us-
As you will own your home but not the land on which it is situated, a monthly site fee is payable to the park operator for leasing the pitch. For the 2025/2026 period, the site fee is £304.70 per calendar month. This fee is subject to an annual review, and Shorefield may adjust it in line with the Consumer Prices Index (CPI). There is no separate service charge applicable.
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Unfortunately, due to the classification of the homes and the nature of the tenure, you cannot secure a mortgage to purchase.
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Typically, park homes will have a low council tax band - expected Band B.
Do you have a question that hasn't been answered yet?
Contact Us