Financing Your Holiday Home: Options and Advice for Buyers
Find a holiday home
7th October 2024
Owning a holiday home is an ambition for many, offering the perfect escape from daily life. At Hillandale Caravan Parks, we believe in making that as accessible as possible. With eight stunning park locations across Worcestershire, Shropshire & Wales, a range offering high-quality new and used holiday homes, and flexible financing options, we’re here to help you every step of the way in finding your perfect home away from home.
Whether you’re dreaming of a scenic retreat by the coast or a quiet spot in the countryside, owning a holiday home with Hillandale Caravan Parks gives you the chance to enjoy your holidays on your terms, year after year. We know buying a holiday home is a significant financial commitment, but with our finance options and expert advice, owning your dream holiday home might be easier than you think.
Understanding the Costs of Owning a Holiday Home
Before exploring purchasing a holiday home, it may be a good idea to get a clear picture of the costs that come with ownership. At Hillandale Caravan Parks, the price of a new holiday home typically ranges from circa £35,000 to just over £100,000, depending on the model, size, and park location. Pre-owned holiday home prices often start at around £20,000.
Along with the purchase price, there are two regular costs to keep in mind:
- Pitch Fees: These are annual fees paid to the park where your holiday home is located. They cover services like pitch hire, park maintenance, water usage, standing charges, etc. For your peace of mind we also offer Reinstatement Insurance included as a no cost benefit.
- Utilities: Gas and electric meters are fitted to each holiday home and invoices are issued twice a year. The average owners annual spend for the 2023/24 season was £235.
Hillandale Caravan Parks Purchasing Options
Hillandale Caravan Parks offers an outright payment option, or alternatively a 0% finance plan is available that can be tailored to your needs. The finance package helps spread the cost of your holiday home over manageable monthly payments.
Finance solutions are provided by Hillandale Caravan Finance Ltd (HCF), which offers hire purchase options specifically for holiday homes. Further details on payment options as follows:
- Pay Outright: If you’ve already saved up, you can pay outright for your holiday home. This gives you full ownership from day one. This way, you can save on interest costs.
- Hire Purchase (HP): With a HP agreement, you pay an initial deposit (depending on the value of the holiday home), followed by fixed monthly payments. Once the final payment is made, the holiday home is all yours! This option gives you full ownership at the end of the finance term. Interest free finance is available for up to 2 years and extended finance is available for up to 6 years.*
The Benefits of Financing with Hillandale Caravan Finance Ltd (HCF)
By choosing to finance your holiday home through HCF, you will benefit from:
- Competitive Rates: HCF offers:
- 0% finance available up to 2 years*
- Extended finance at low interest rates up to 6 years.*
- Flexible Terms: HCF offers repayment terms over 12 to 72 months to ensure your monthly payments fit comfortably within your budget.
- Knowledgeable Guidance: Our park teams are on hand to walk you through the finance process.
- Quick and Easy Process: We know how exciting it is to move into your new holiday home, so we aim to make the finance process as simple and stress-free as possible. Once your finance is approved, you’ll be enjoying your holiday home in no time - usually within two weeks.
Start Your Journey with Hillandale Today
At Hillandale Caravan Parks, we’re passionate about helping our customers find their perfect holiday home. Whether you are buying your first holiday home or looking to part-exchange, HCF's finance options are designed to make your purchase as smooth and stress-free as possible.
For more information on our holiday homes and financing options, contact us and let us help you turn your holiday dreams into a reality!
*Written quotations on request for 0% finance and extended finance.