Because of the legal tenure and the fact that you will have no interest in the land on which the home is situated, most high street lenders will not provide finance. Other finance options are available.
There is an annual service charge which may vary between waterside locations. It will form part of your agreement and covers the cost of your services, including such items as sewage, water, upkeep of communal grounds and road maintenance. For details on current service charges, please contact us.
You will receive a written agreement at least 28 days before completion. You will also receive a sale and purchase agreement that includes your floating home specification, a floating home mooring licence agreement, a copy of the marina rules and details of guarantees and warranties that are applicable.
Your floating home is a valuable asset. Although you do not own the land upon which it is situated, you still have the right to bequeath it. The law treats a floating home as a chattel—rather like a car or a boat— so it is important that the wording of your will embraces this fact.