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   Caravans and Caravanning -  Static, Residential, and Mobile Home Ownership 		Share   Post on X / Twitter  Share on Facebook  Email  Printer Friendly Version Print
Subject Topic: Holiday home loses inheritance Post Reply Post New Topic
PersonFiona W
via mobile 24/10/2024 at 10:22am
 Location: Ayrshire
 Outfit: Auto-Sleeper MHs View Fiona W's Profile View Profile   Reply to Fiona W Reply   Quote Fiona W Quote  
Joined: 10/4/2007

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BBC article about losing £50k on a holiday home. I’m sure it doesn’t happen everywhere like this case, but it’s worth reading, to be aware.
https://www.bbc.com/news/articles/cpw5jjzrr89o

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2024 = 20 sites / 41 nights. 2023 = 9/23. 2022 = 13/35. 2021 = 11/29. 2020 = 4/20. 2019 = 13/35. 2018 = 20/33. 2017 = 10/22. 2016 = 19/33. 2015 = 15 sites / 27 nights. Didn't count 1976 to 2014.


Persondaveyjp
24/10/2024 at 10:52am
 Location: 
 Outfit:  View daveyjp's Profile View Profile   Reply to daveyjp Reply   Quote daveyjp Quote  
Joined: 02/6/2010

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Probably not that unusual on sites operated by 'big boys'. Statics are depreciating assets and holding costs can be high, but losing so much in a short period is robbery.

The barrister is however correct that it is in essence a property transaction so get a lawyer to check the small print. The agreements can have very restrictive and onerous clauses.

I can barely understand why people buy statics at well north of £150,000 in areas where that will be a house.


PersonColin21
24/10/2024 at 1:01pm
 Location: East Herts
 Outfit: 1992 Elddis Wisp 450CT + X Trail View Colin21's Profile View Profile   Reply to Colin21 Reply   Quote Colin21 Quote  
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Sadly this is an all-too-common story. We got well ripped off by park owners on what was a residential site back in the 1970s. The law has now changed for Park Homes, as they are now called, but for static holiday homes it is still a minefield. Personally, I wouldn't spend any more money on a static holiday home than I could afford to take out in my back garden and set fire to, because that is virtually what you are doing when you buy one. To my mind, buying a static is an excellent way of getting rid of any spare and unwanted money you have lying around!

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Best Regards,
Colin


PersonMrs. Bonce
via mobile 24/10/2024 at 8:39pm
 Location: Luton (no jokes plea
 Outfit: Coachman and Hyundai View Mrs. Bonce's Profile View Profile   Reply to Mrs. Bonce Reply   Quote Mrs. Bonce Quote  
Joined: 05/6/2006

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Happened to our neighbours too, on a static site at Weymouth.


Person664DaveS
via mobile 24/10/2024 at 10:52pm
 Location: Shropshire
 Outfit: Bailey Phoenix GT 75 View 664DaveS's Profile View Profile   Reply to 664DaveS Reply   Quote 664DaveS Quote  
Joined: 24/7/2007

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We wouldn't entertain a holiday static, stick with our tourer thanks.

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DS-There's more to life than football!!!



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