Whilst some customers use their savings or bank loans to pay for their new
caravan holiday home, the majority of our owners take advantage of specialised
caravan funding plans, backed by major financial institutions such as Black
Horse and Capital Finance. Although there are several plans available, most
will require a cash deposit of approximately 10% of the purchase price (minimum deposit of £1000).
Loans are available for most purchases between £10,000 and £50,000.
Some of your questions answered...
What are the advantages of using specialised finance rather than my 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
in terms of both cost and availability. We are very confident of offering
a highly suitable and cost effective plan for all of our customers.
How many years will I have to repay the loan?
We would recommend you choose a period where you are comfortable with the
monthly repayments and are able to offer terms up to a maximum of 7 years.
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 holiday home, making it much more affordable and convenient.
