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Property Purchase in late 50s

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Comments

  • RAS
    RAS Posts: 36,545 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Have been infomed the Pitch Fee (includes Water) is £192.09 per month, ......... we would responsible for the Gas & Electric ourselves.
    Does that mean that you have to pay leccie and gas per van but water is billed communally?
    Or does that mean that you have direct access to a normal metered leccie and gas supply with the usual rights to switch supplier?
    If you've have not made a mistake, you've made nothing
  • We can choose and switch elec and gas suppier ourselves
  • RHemmings
    RHemmings Posts: 4,895 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Have been infomed the Pitch Fee (includes Water) is £192.09 per month, there is no age restrictions on the park home and we would responsable for the Gas & Electric ourselves.
    It looks to me as if you have the information you need to make your decision now. Compared to a traditional home, there are downsides and upsides to park homes. But, I can see them working for some people. 
  • knightstyle
    knightstyle Posts: 7,394 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Avoid a park home, many nightmares about them in the press.
    Go to a decent mortgage broker, I got a decent mortgage a fer years ago that ends when I am 83, it is with the Leeds.
  • RHemmings
    RHemmings Posts: 4,895 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Avoid a park home, many nightmares about them in the press.
    Go to a decent mortgage broker, I got a decent mortgage a fer years ago that ends when I am 83, it is with the Leeds.
    There are nightmares in the press, and on forums etc. But, not all such parks are bad. There are also reports of people who find park homes a suitable housing solution. It's a matter of being aware of what causes the horror stories and checking that a particular home does not have those problems. 
  • nicmyles
    nicmyles Posts: 312 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    re: park homes, this may not be relevant to you if you are planning to remain there for the rest of your life, but they can be very hard to sell - they often have restrictions on sales and who can be a resident etc. A family member recently inherited a park home. He was not entitled to let it out and it took about two years to sell.
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