Some memories never fade

Ways to pay for your holiday home

Whilst some customers use savings or bank loans, the majority of holiday home purchasers take advantage of specialised caravan funding plans, backed by major financial institutions such as Black Horse or Royscot Larch. Although there are several plans available, most will require a cash deposit of approximately 15-20% of the purchase price. Loans are available for most purchases between £10,000 and £100,000.

Some of your questions answered...

What are the advantages of using specialised finance rather than your local bank?

Because these companies specialise in providing finance for holiday homes, they have tailored their plans specifically to your needs. There is no need to attend a personal interview or to complete complicated proposal forms. In fact, your Sales Advisor will complete all of the documentation for you. Also, unlike a High Street Bank, who may require the loan to be secured on your home, specialised providers only take security on your holiday home.

How soon will I get a decision?

A formal quotation will be available within a couple of hours, followed by approval within a matter of days.

Will I find a cheaper deal if I shop around?

We ensure the finance packages available to our customers are highly competitive, both in terms of cost and availability. We are very confident of offering a highly suitable and cost-effective plan for all our customers.

How many years will I have to repay the loan?

We would recommend that you choose a period where you are comfortable with the monthly repayments. However, a maximum of 7 years for caravan finance - and 15 year maximum for a lodge.

What happens if I want to upgrade my holiday home in the future?

Any existing finance would be settled and a new finance agreement would be made for your new home.