Do you need a specialist lawyer when buying a park home?

Gloucestershire is a wonderful county, with easy access to city life and the countryside, and for some the lure of a park home can conjure up feelings of being on a permanent holiday. But although park homes in Gloucestershire are considerably cheaper to buy than a brick and mortar property, they still involve the same legal contracts and processes that are involved in other forms of conveyancing.

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Legal process for buying a park home

Within 28 days of committing to buy a park home, the seller must provide a copy of the agreement, the park rules, details of all charges payable, any outstanding warranty for the home and any structural surveys that have been conducted within a 12-month period.

A specialist lawyer will review all of this documentation and more to ensure that the prospective buyer understands their responsibilities and the terms and conditions of the sale. They will seek clarification on the site’s licensing arrangements, planning permission and contract. They may direct their client to engage with the Qualifying Residents Association prior to proceeding with the sale.

Buying wisely

Many park homes Gloucestershire are run by reputable companies such as http://www.parkhomelife.com/our-parks/orchard-park-homes-gloucester-gloucestershire/ who will work with your chosen conveyancer to ensure that the buying process is as straightforward as possible.

Park homes represent a cost-effective down-size for a retired person or couple who wishes to remain in their own home, fully independent but within a supportive community. However, they are typically not mortgageable and are therefore usually only suitable for cash buyers. Because they are unlikely to increase in value, they should not be considered an investment opportunity, but a long-term home.

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In conclusion

There are many attractive benefits to buying a park home, but prospective buyers should assure themselves of the suitability of the site and property for their long-term needs. You will need to have sufficient capital to buy the property outright and it is highly recommended that the assistance of a specialist lawyer is sought to ensure that the sale proceeds smoothly.