Why are so many park home buyers happy to hand over large sums of cash to secure a home with no guarantee of return?

I get letters on a weekly basis from disgruntled park home buyers who have lost large cash deposits on homes. Some have changed their minds about the purchase, others haven't been able to sell their bricks and mortar homes and have dropped out of the sale.

This is a subject we cover almost every month on our unmissable legal help pages in Park Home & Holiday Caravan magazine but still a new crop of buyers appear happy to hand over large amounts of cash with often nothing more than a handwritten receipt with non-refundable written on it.

When buying a park home please ensure you know exactly what will happen to your deposit if you have to pull out of the sale.

If at all possible, keep the deposit payable to under £5,000 as this will allow you to try and retrieve the cash using the Small Claims Court.

Click on the link below for more essential legal guidance when buying a park home.

http://www.phhc.co.uk/advice.html