PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Pay 10% Of Sale Price Rip Off When You Sell Yor Home

Options
12346

Comments

  • symikins
    symikins Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    clutton wrote: »
    we're talking about caravans and macaque says

    ""Doubtless they would be vehemently defending slavery providing it was legal (and they weren't slaves)""


    now for me - THATs the dumbest comment on this website ..........


    JUST TO CLARIFY WE ARE NOT TALKING CARAVANS !!!!
    I do not live in a caravan, i live in a park home which is like a bungalow/prefab just not made of bricks like conventional homes .

    pse check out a park home website so you can see the difference ...sorry l feel so passionate about this, this is my home your talking about ....:mad:
    :EasterBun GRAB EVERY OPPERTUNITY YOU GET ..YOU DONT KNOW HOW LONG YOUR HERE FOR
  • symikins
    symikins Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    My wife's parents looked into this a while back in order to free up capital for their children. Luckily all four children told them not to be so silly, and to live their retirement in comfort.

    its sounds like you think moving to a park home is not comfortable ! my home is very modern inside and very comfortable , but l do agree , why should they uproot just to free up money for their offspring , it will go to them in due course . they should be where they want to be in their retirement .
    :EasterBun GRAB EVERY OPPERTUNITY YOU GET ..YOU DONT KNOW HOW LONG YOUR HERE FOR
  • symikins
    symikins Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    :eek: :confused: Thanks to everyones comments about this subject ... some supportive some not, quite scathing in fact.. but hey thats what forums are all about...

    l appreciate your input

    thing is the constant referral to t+c and willingness to enter into a park home agreement , not one of you who have commented on this has answered my question ....

    why and what is the 10% for ?
    this may remain one of lifes great mysteries !! lol
    :EasterBun GRAB EVERY OPPERTUNITY YOU GET ..YOU DONT KNOW HOW LONG YOUR HERE FOR
  • symikins
    symikins Posts: 448 Forumite
    Part of the Furniture Combo Breaker
    *Louise* wrote: »
    I knew about the 10% going to the site if you sold - my mum owned a static caravan on a site for 15 years

    What I didn't know was that they can get rid of you whenever they want and you can lose everything..:mad:

    My mum bought her second static home in '95 for £15,000. Paid the fees every year and her van was in excellent condition.

    Last year, the site owner told her they were putting new models on her road, and her van was getting scrapped.:confused: She could either buy a second hand van (£7,500, stinking of smoke) or they would buy her van from her. They offered her £300 :mad: :mad: :mad:

    She was, and still is, gutted, but there was nothing she could do. She couldn't even sell her perfectly good van to someone else as it was in the contract that she could only sell to the site (that didn't matter to her when she bought as she had planned on always having it)

    You live and learn, eh.

    im so sorry to hear that, and i can confirm that this happens a lot . my sisters and l bought a caravan on the coast for a seaside retreat on a quiet holiday park, for £3000 last season + its in great condition too a real bolt hole for us , but we were also told that as its 14yrs old we could not resell it on to anyone other that the owners of the site should we decide to give it up we understand that we,d only get about £700 back and was told that they useally scrap them or sell on to road works site for the workers or a farmer
    probally a luxury pad for the hens [lets hope they like the curtains!!!]

    luckily on a park home where we live this can never happen , not much consolation for your mum tho........
    :EasterBun GRAB EVERY OPPERTUNITY YOU GET ..YOU DONT KNOW HOW LONG YOUR HERE FOR
  • In the context of housing? I'll call on you next time we move. If you can afford to donate that much time free, then the legal gravy train is worse than I previously thought.

    No, I do crime and immigration law, and almost all of my pro bono work is in immigration. OH does employment and landlord and tenant, and almost all his pro bono work is through an employment free advice centre.

    We choose to donate our time, much as other people choose to do voluntary work.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    So in the context of this thread about housing...it would be incorrect to suggest there are solicitors who will work on house moves for free...and someone who accepts professionals should be paid for their services is not pliable.
    Been away for a while.
  • symikins wrote: »
    ... not one of you who have commented on this has answered my question ....

    why and what is the 10% for ?
    this may remain one of lifes great mysteries !! lol

    It may be profit for the park owner.

    It may be a way to keep the running costs down. Many parks are used by the elderly and they would benefit from lower costs during their tenure followed by a 10% charge when their home is sold following death or a move to a care home.

    Either way, it seems ok to me. Maybe a tad unfair if you sell up after a short time in residence but not a bad deal if you stay for 40 years.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    Sorry i said Caravan - - slip of the keyboard - i know its your home. My mate Graham Watts (google him) is THE mobile homes legal expert, if there is an answer to your problems, he can find it.

    http://www.phls.net/

    good luck
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The 10% is for the park owner.
    The park owner is a private individual/company who has a service for sale.
    By buying a park home and renting the space it stands on this is one way the business makes money. The other is in the exit fees.

    What a private individual/business does with that money is of no concern to anybody else really. There's nothing to answer to/for.

    Ever been in a restaurant that charges corkage? Why don't they let you take your own bottle opener? Because private businesses have to make a profit somewhere or they'd be out of business and there'd be no more service to be enjoyed. The pitch rent alone wouldn't cover the costs of the land ownership and management, associated insurances and costs.

    But as I said, there's no case to answer to because it's their business what they charge and how they spend that money.
  • sfry
    sfry Posts: 117 Forumite
    Part of the Furniture 100 Posts Photogenic
    Is it really 10% in law? In my terms and conditions it states that the park owner will take 15% plus VAT if I sell.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.