A Sunshine, fully furnished and built for living in all year, costs 41 500 €. In Munich that sum is a little over two years’ rent on a flat you would never own, and it would not cover the deposit to buy one. Here it buys a house that is yours to keep, move or sell.
And you do not have to pay even that at once: borrow part of it, or rent it out and earn an extra income while the house pays for itself.
We have sold more than 250 houses and seen how people pay for them. The cheapest way to borrow may surprise you. Find out below!
That question, and whether you buy as yourself or through a business, decides everything below. As a private buyer you borrow, against your income or against the home you already own, and the house is yours from the day it arrives. As a business you can lease instead. Then your guests pay for the house, not you. On the nightly rates and occupancy our own rental operators work with, a house earns more than twice its monthly lease payment, whichever model you pick. The second tab works it out on your own numbers.
Change it if you have a quote.
Figure shown
Borrowing money costs money. This is a worked example built from a published rate for your country, at the amount and term shown, named under the figure above. It is not an offer and not a quote. Your own rate, term and fees depend on the lender's assessment of your situation, and the lender decides. Figures are in euro and exclude fees the lender may charge; your lender will quote in your own currency.
These are national rules as we last checked them. Municipalities add their own, and nothing here is legal advice.
Change it if you have a quote.
A lease is a third party's to approve. No lessor publishes a rate for this kind of building. The example uses 84 months, a first payment of 10 per cent, a buy-out of 10 per cent and 7.5 per cent nominal, the middle of the 6 to 9 per cent range implied by published lease contracts in Sweden, Germany and Denmark. All figures exclude VAT. A lease is charged in twelve monthly payments while a seasonal site earns in five, so the income figure is a full year averaged by month.
Which ones are open to you depends on one thing above all: whether the house you choose stays movable or becomes part of the land. That is not a detail, it decides whether a bank can take the house as security, and therefore what it costs you to borrow.
| Route | What it is | Mobile, on wheels | Semi-mobile, steel frame | Modular, on a foundation |
|---|---|---|---|---|
| More on the mortgage you already have | Your own bank lends against the home you already own. Usually the cheapest money you will ever be offered, and the house you buy from us is simply what you spend it on. Published average home loan rates across our markets run from 2.8 to 5.3 per cent. | Works | Works | Works, and cheapest |
| A mortgage on the house itself | Only where the house becomes part of land you own, is permitted as a dwelling and can be entered in the land register. Longest terms, lowest rates, most paperwork. Priced like any other mortgage, so the same 2.8 to 5.3 per cent, against a deposit of ten to twenty per cent. | Closed | Sometimes, mixed loan | Open |
| A loan with no security | A specialist lender lends against your income rather than against property. Some assign part of your salary or take ownership of the house as cover instead of a charge on land. 3.8 per cent at the best we found, in Finland, to 11.6 per cent at the worst, in Portugal. | Best fit | Best fit | Available, but costs more |
| Leisure vehicle finance | The same lending caravans and motorhomes use, secured on the registration document. Long terms, and it only exists if the house is road-registered. 5.5 to 9 per cent on lenders’ own representative examples, and terms to fifteen years. The cheapest published deals want about twenty per cent down. | If registered as a trailer | Too heavy | Closed |
| Business lease | The lessor owns the house, you pay monthly and buy it at the end for a set amount. Business customers only, and the unit has to stay relocatable. 6 to 9 per cent, over five to seven years, with about ten per cent at the start and ten per cent at the end to own it. | Open | Best fit | Only if demountable |
| Instalments at the point of sale | Credit arranged as part of the purchase. Useful for a deposit or for options and extras. The ceiling is the problem rather than the rate: typically 10 000 € over 36 months, well below the price of a whole house. | Part of the price only | Part of the price only | Part of the price only |
One thing worth knowing before you fall in love with a model: the rules that reward a house for being permanent are not the rules that reward it for being movable. A house bolted to a foundation can carry a mortgage and, in some countries, qualify for state support. A house that can be lifted and moved can be leased, financed as a vehicle and taken with you. We will tell you which side of that line each model sits on before you order, not after.
Put your house together in the price calculators, then ask us for the documents. We need the model, roughly where it goes, and whether you own that ground.
A written quote, the specification, the weight and dimensions certificate, the permit position for your municipality and the document list your lender works from. One email, nothing for you to chase.
You borrow from the lender, not from us, so the credit agreement is between you and them. We are not paid to steer you towards one lender over another.
About three months for a custom build, two to four weeks from stock. Payments usually run 30 per cent when you sign, 50 per cent part way through the build and 20 per cent before delivery, or half and half on a ready-built house. We can adjust that schedule if you need us to, and whatever we agree is written into your contract.
We deliver to your plot, connect the house and do the final check on site. The warranty runs five years from there.
One email back with the quote, the permit position and the document list. No obligation, and no credit application until you decide to make one.
Or write to us directly: info@vagabondhaven.com