Many of our residents find themselves in the fortunate position of selling existing properties and downsizing. However, if you require finance, perhaps to afford a larger home, it is important to understand that a conventional mortgage does not apply to a residential park home.
In the case of a park home, any loan is secured on the land registry listing not on the usual bricks and mortar of conventional living. When you buy a park home, you own the home outright but you are afforded the use of the land on which it sits, in perpetuity, under a licence agreement with the park owner.
This difference is important and the choice of lenders is accordingly fewer than those operating in the normal housing market and finance is therefore available only through a number of specialist lenders. Expect to pay a deposit of anything in excess of 15% – lending periods are typically shorter in length too.
At Darelyn Park we can put you in touch with finance providers we have worked with. There may also be part-exchange options available through certain organisations, so please ask us for details and we would be happy to assist you.
We moved to Darelyn Park in 2015 and absolutely love it! It is a friendly, safe and welcoming community and is perfectly situated in the village of Coven with excellent amenities within walking distance. Our only regret is that we did not move here sooner!
Mr & Mrs Pye
No.8, Darelyn Park
It is a lovely community where you can either be private or belong to the community. The park owner organises residents’ meetings regularly, together with garden competitions and a summer BBQ. Darelyn Park really has it all – it is a quiet residential, family-run park in a lovely village, with all the amenities you could need. All in all an amazing place to live.
No.9, Darelyn Park
We decided to downsize from our home of 34 years in Wednesfield. A friend of ours who lives in Coven recommended Darelyn Park. We have now lived in our home on the park for 23 years and love it. It is very quiet and peaceful. The park owner and warden are very approachable and put things right quickly if problems arise.
Mr & Mrs Bowen
No.62 Darelyn Park
I have lived on Darelyn Park since 2007 and regret that I did not move before. If you want to downsize and have lower outgoings, this is the place for you. I have never been more content. Lovely park manager for whom nothing is too much trouble. I have an allotment to the back of me, lawns to the front and side and a little wild pond.
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