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Buying a Holiday Lodge - bintang

Does anyone have any experience of these? Is there an association to ensure fair dealing?

The company I am considering is Haulfryn, with a site near Chudleigh Knighton, Devon.

Edited by oilrag (Moderator) on 26/07/2010 at 21:42

Buying a Holiday Lodge - bintang

Should read Holiday Lodge of course

done ;-)

Edited by oilrag (Moderator) on 26/07/2010 at 21:45

Buying a Holiday Lodge - Falkirk Bairn

Cannot comment on this site/seller.

"Buying a holiday lodge/chalet" is not like buying a home.

Often all you get is 20/25 yrs right to use and pay an annual site fee for the lodge and after that time it reverts to site owners.

It can be better described as a big upfront rental fee - not really something to buy and leave to the family. Reselling even 2/3 years into contract can be difficult. At best a huge loss on the "purchase price" Some can only be occupied 9 mths- 11mths per year.

Renting out is often pointed out as a way to make money / pa the finance - it does for the site owners - they get a big % for allowing 3rd parties to use your chalet.

It it was such a good moneyspinner they would build the cahlest on a commercial 15 year mortgage and reap 100% of rentals.

Buying a Holiday Lodge - Engineer Andy

Indeed - my 'usual' holiday park in the West country does this, but what they don't tell potential owners of lodges is that the ones still owned by the site always get first dibs on the customers, meaning there's no guarantee of their leased lodge being rented out each week, all the while they have to pay for upkeep/rent, which isn't cheap.

That particular site only leases the lodges for a paltry 15 years, often near the end of the lodges' lifespan, meaning they require more maintenance and get less rental income because they aren't in such good condition or have the best facilities.

Unless the weather is decent for a good portion of the year, especially in the peak season, then they'll be lucky to get 75% occupation for the time the park is open.

Buying a Hiliday Lodge - Foreigner500

Make sure you understand what you are buying. There's a lot to it, and the stuff below is just a start.

You will not be buying the land, you'll be at most buying the right to place a home on it. You need to check whether or not there are time limits and what other conditions may exist.

You will probably be buying the first "house" on it. What conditions are there ? How much may you use it in a year, are there periods when you may not use it at all etc. etc. Can rent be charged, can maintenance charges be increased etc.

Also, do you have to replace the home at a certain age, or keep it in a certain condition and who is the judge?

Buying a Holiday Lodge - Armitage Shanks {p}

Deleted! I posted something re timeshare which is not what the question was about, I think!

Edited by Armitage Shanks {p} on 26/07/2010 at 19:23

Buying a Holiday Lodge - MrTG

So do holiday lodges work out the same as static caravans? If not then pardon the irrelevance. My instinct tells me they possibly do however.

First of all they are no investment at all, other than in pleasure. Site owners pretty well hold all the cards. They will probably want a hefty commission if you sell, and if you don't pay site fees they'll repo. it and sell it to someone else. On top of this they may well place a time limit of 20 years on the whole thing, then you either buy another one or walk away from it.

I have a cheap static van in Wales. The site owner wants £2k a year site fees, £2k if you sell it someone else, and wants it off after it's 20. It's a 1995 and I only paid £7k for it so just the price of a cheap new hatchback car. It's only 68 miles away and we love it, going nearly every week. The season is 47 weeks. When it's time is up then I'll have no complaints. If I had paid £25/30/40/50k for it though I'd feel a bit of a sucker myself. Shop around I'd say. If you take North Wales as an example there are 1000s of vans up for sale this year due to recession. I would not be too eager to play Father Christmas to a site owner to a huge sum myself.

Buying a Holiday Lodge - bintang

Many thanks for the above warnings. I will buy some gilts instead

Buying a Holiday Lodge - concrete

Many thanks for the above warnings. I will buy some gilts instead

The other are quite right. It probably seemed like a good idea whilst confined to barracks etc but the reality is different. If a deal looks too good to be true, then it is. Put simply, people do not run these trailer/mobile home sites because they are nice. They expect to make a profit and that comes from you.

Even if you did get a decent deal, think of this. In the 80's I was tempted, the children were small, so we thought about buying a place we used every year in France. The owner was selling up and retiring due to old age and offered the lodges for sale to regular clients for a very reasonable sum. We rejected the idea and were proved right later. As the children grew older they wanted different things from a holiday and the day came when they didn't really want to go with us anyway. We would have been stuck with a family holiday lodge but no family to take there. Likewise a friend, against advice bought a lovely place in the Minervois. 15 years on he regrets it. Also it is proving nigh on impossible to sell. Every free weekend and holiday when we were going to various locations he went to the same old place, because he felt he had to. He was trapped. So take heed, for the cost of purchase and all the itinerant costs you can easily rent or use a hotel etc and have no ties and complete freedom to roam.

Cheers Concrete

Buying a Holiday Lodge - FP

That strikes a chord, Concrete.

For many years I toyed with the idea of buying a property abroad and got within a hair's breadth of doing so in 2007 - in Switzerland, of all places, with all the complications that come with a non-Swiss retired person trying to buy property in a country that doesn't make things easy.

It was a super top-floor flat in Clarens a couple of hundred metres or so from Lake Geneva, with panoramic views, and would have been highly lettable during the times when I wasn't there - for example, the Montreux jazz festival.

The financial complications made me pull the plug, and though I was disappointed but philosophical at the time, years later I was glad not to have the commitment - the need to go there any spare time I had and the resulting lack of opportunity to travel elsewhere.

Buying a Holiday Lodge - Falkirk Bairn

https://www.companyrescue.co.uk/guides-knowledge/news/dream-lodge-goes-into-administration-4263/

Lots of home owners have lost 10s of thousands

Buying a Holiday Lodge - Avant

Let's hope none of our members is affected, but many thanks for the information, FB.

Buying a Holiday Lodge - Falkirk Bairn

Dream Lodges

Dream Lodges who went bust last year owing £25.6 million

Approx 50 people put down 10s of thousands £££s for holiday homes to be built - they are to get around 5% refund after the sale of assets.

Many hundreds of owners were promised 8% yield from letting out lodges when the owner did not need it - lost almost everything - some owned them outright but are worth very little - some borrowed to buy so they still owe the money with no real value in what they are left with.

People who had their lodges have been billed for site fees, water & sewage despite being unable to live or rent the property..

Lots of buildings have been loaded on lorries and taken away by the owners - not worth much but at least they could re-site it in the future somewhere rather than see it fall apart from neglect - site fees were around £4,000 per year.

Buying a Holiday Lodge - concrete

We, like FP, baulked at buying and took the long term view, which was correct. Buying and owning at least gives you security of tenure and the possibility of letting. These trailer parks, dream lodges, mobile homes sites, whatever description they go under are a very precarious business indeed. None come out of their contract with any satisfaction, at least that is the prevailing story I hear time and again. There is one near us and some residents use our local pub. Some of the stories of what the park owner demands are scary. Example, you can only paint the outside of your 'home' with the owners recommended paint and colour. Apparently it costs a whopping £90 per 5 litres and is supposed to be a specialised paint. It is meaningless because the units come ready painted from the factory with good old fashioned paint specially designed for cladding, and is available from the usual outlets at about £40 per 5 litres. The idea of putting something on top that is not compatible or similar is ridiculous. However, it turns out that the park owner also own the paint company. He has a couple of parks with hundreds of units all requiring painting every 5 years. What a swiz. That is the sort of thing you would be up against.

Cheers Concrete

Buying a Holiday Lodge - thunderbird

When I met the wife she had 2 separate weeks Time Share in Scotland. Having heard many stories about Time Share disasters I was sceptical to say the least but time has proven me wrong.

I met her in 1993 and she had bought them in 1985. One week was in February (skiing season) and one in September. We have used the September week every year but 2 (more of that later but we only used the February week once (I do not Ski and the wife hates the cold) but friends were keen skiers and they paid the rent for us and used it until they bought their own Time Share back in 2002. At that point we swapped the February week for a May week which like the September week we have used most years, in truth only missed one.

When we have been unable to go (its always been medical issues with parents) we have asked the management company to place the week on the lettings list and on every occasion they have let most of the days for us and each time the money we have received after their charges has been more than our yearly costs, top marks for their efforts.

In truth with only 2 of us in a 4 bed lodge its no cheaper than a decent B & B but if there were 4 of us there would be a cost saving over a hotel. But since we take the pets it suits us better than a hotel.

Buying a Holiday Lodge - Ethan Edwards

Just an observation. Our Static van. The site are not letting us on to visit our vans due to covid. Still paying pitch fee water rates etc. There are some who live permanently on our Holiday Park. They are allowed on but not us weekenders . So having a second pad is just a lot of paying out. Think carefully about the downside before committing yourself.