We are often asked if a Lodge Purchase can be financed or mortgaged in a similar way to that of a standard construction (Brick & Tile) residential property.

Unfortunately by the very nature that the lodges are manufactured as a bespoke property in our purpose built factory to BS3632 Standard, our lodge and lodges made by a number of manufacturers up and down the country do not meet the strict standard construction model required by most banks, building societies or lending institutes. Due to this it is not possible to obtain a mortgage for the purchase of your lodge or the 125 year lease. However, we are aware that many of our purchasers have secured finance by utilising their existing assets or by arranging personal loans via various other providers. As individual circumstances change from person to person, you should rely on your own investigations as to how you may finance the purchase of your Lodge or Lease.

It is not uncommon for families to spread the cost of the purchase between themselves, with a number of individuals (over the age of 18) being able to have equal ownership under the term of the lease, shared family ownership is often seen as a way of reducing individual financial exposure but securing the lodge and lease within the confines of the family or friend network.

Should you wish to discuss the shared ownership option please feel free to contact us.