Holiday Home Finance
Whilst many customers use savings or bank loans, the majority of Holiday Home purchasers take advantage of specialist caravan funding plans backed by Black Horse.
Black Horse will require a deposit of at least 10%of the purchase price, dependent on whether you are purchasing a new or Pre-Owned holiday home.
What are the advantages of using specialist finance rather than your local bank?
Because Black Horse specialise in providing finance for holiday homes, they have tailored their plans specifically to your needs. There is no need to attend a personal interview or to complete complicated proposal forms. Your sales advisor will assist and complete all the documentation for you. Also, unlike a High Street Bank, who may require the loan to be secured on your home, Black Horse only take security on your Holiday Home.
How soon will I get a decision?
A decision normally takes no longer than a couple of days, in some cases only a matter of minutes.
Will I find a cheaper deal if I shop around?
You are of course free to do so. However, we are very confident of offering a highly suitable and cost effective plan for all our customers. We ensure that the finance packages available to our customers are highly competitive both in terms of cost and availability.
How many years will I have to repay the loan?
We would normally recommend you chose a period where you have monthly repayments that you are comfortable with. We are able to offer terms up to a maximum of 10 years.
What happens if I want to upgrade my holiday home in the future?
Any existing finance would be settled and a new finance agreement would be made for your new home.
*All finance details and decisions are subject to status, written details are available on request