In the event the idea of living on the a quiet, secluded property on countryside certainly a residential area away from like-inclined neighbors that suits you, then you are one of many. More than 250,000 members of great britain have made the choice to flow so you can a playground family and, because they tend to be cheaper than old-fashioned features (as all of our self-help guide to playground house costs demonstrates to you), it’s currently a hugely popular opportinity for individuals free up security to fund its old age.

But, although playground house become relatively affordable, you’ll be able to still need to think about how you want to help you coverage the cost. The process of to find a park family will be instead so you can dissimilar to buying a timeless possessions, there is not the option to take out a mortgage. Yet not, you’ll find around three main ways you could money their playground household get:

• Taking right out a loan
• To order downright (playing with savings or starting equity)
• Playing with an associate-replace design

Playground lenders

Among trick differences when considering a park house and you can a beneficial antique home is that you can’t rating home financing towards the an effective park house. This is because playground house do not have the same legal reputation – you can discover far more inside our guide to playground property and you may mortgage loans. (more…)