Can I get a mortgage on a holiday lodge?


Unfortunately, the short answer is no. Getting a mortgage on a holiday lodge isn’t possible because mortgages only apply to properties that come with land.

When you take out a mortgage, the lender secures the loan against the value of the building and crucially, the land it’s situated on. When you purchase a holiday lodge, all you own is the physical structure of the lodge itself. The area of land is leased from the owner of the holiday park for a fixed period. With no land to use as security, a mortgage cannot be taken out.

However, that doesn’t mean there won’t be ways for you to finance your park property. Although there is no such thing as a park home mortgage, there is park home finance. This means that even though you can’t secure a mortgage loan, there are companies out there who can help you pay for the holiday lodge of your dreams over time.

At the Poplars, we have a wide range of holiday lodges in Norfolk, available to purchase via different financial options. Explore our lodges for sale here.



What options do I have to finance my holiday lodge?


Applying for a loan

One option is applying for a loan through a private company. There are plenty of finance companies that specialise in this particular field, who will help you pay towards your holiday lodge over the course of a set number of years.

Just bear in mind that similarly to other types of credit, this will involve some interest rates and in most cases, a credit check. Regardless, buying a holiday lodge is cheaper than a traditional second home, so you will still be spending significantly less than a mortgage.

All finance companies will consider your personal circumstances, including your current disposable income as well as savings. They will also consider your overall income and may request details of the holiday park.

Here at the Poplars, we can assist you with finding a suitable lender. We will take a tailored approach to help you find the best option to suit your personal requirements.

We can also assist you with the financial side of renting out your holiday lodge as an investment. We have an established relationship with local bookings providers who we will gladly put you in touch with, and use our expertise to guide you through every step of the way.


Saving up

Surprisingly, many people save money for retirement with the aim of buying their very own holiday lodge outright. Lodges are significantly more affordable than outright pricing for traditional holiday homes. Hence, there are plenty of people who save for their dream lodge without the desire for a mortgage.

However, this is a more difficult option as you would have to save thousands over your lifetime, which isn’t always easy! Finance alternatives exist for this very reason, allowing people to buy credit and split the cost. However, if you wish to own a holiday lodge outright for that extra sense of security, saving up is a very appealing prospect.


So, what are you waiting for? Explore our wide range of luxurious lodges for sale in Norfolk. Take the first step to becoming a holiday lodge owner by getting in touch with our team to discuss your financial options further.