financial questions
how much does a holiday home in France cost?
Prices start from as little as 14,995€ for a pre-owned model and from 28,151€ for a brand new model. All prices are approximate, subject to availability and the destination chosen.
what deposit is required on a holiday home order and when is the balance due?
You will need to pay a 15% deposit of the total price to reserve your holiday home and the pitch of your choice and the full balance is due before you can take ownership.
is buying a holiday home a good investment?
Owning a holiday home with siblu is all about a leisure lifestyle for you, your family and friends, for many years. It is not viewed as an investment for the purpose of yielding an income.
how do I pay for the holiday home?
Holiday homes in France are priced in euros but siblu offer you the possibility to pay in euros or pounds sterling - it’s up to you.
is finance available when purchasing a holiday home?
Yes, if required, finance is available on the purchase of a holiday home (subject to status and deposit criteria). Full details available during your park visit.
what are the advantages of using your French finance provider Financo rather than my local bank?
You currently benefit from lower interest rates than in the UK and you can arrange the finance during your park visit. Please be aware however that payments are in Euro and exchange rates are subject to fluctuation.
what do I need to provide in order to get the finance?
- Passport or ID
- Last 3 pay slips
- Last P60 form
- Electricity or phone bill
- French bank account details
how soon will I get a decision?
A formal quotation will be available within a matter of days.
will i find a better deal if I shop around?
Our finance package available to our customers is highly competitive in terms of both cost and availability. We are very confident of offering a highly suitable and cost effective plan for all our customers.
how many years will I have to repay the loan?
We would recommend that you choose a period where you are comfortable with the monthly repayments. We offer terms of 5 to 7 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 holiday home, making it much more affordable and convenient.
do I own the land on the park?
No, you are buying a holiday home and you rent the ground from siblu on a yearly basis with the choice to renew your contract every winter.
how much is the ground rent?
As an example, the annual ground rent at le Domaine de Litteau starts from 2050€, though it depends on the park and the pitch chosen.
how is the ground rent payable?
You can pay your ground rent in £ sterling or in € euros.
when is the rent due and is it due in one lump sum?
The rent is due in December each year and you can choose to pay in one single payment, two payments or six monthly installments.
what other initial costs are there?
There is a one off installation cost of approximately 1000€. Unlimited water and electricity are included in your ground rent during the season.
what must I budget for each year?
The annual ground rent (this amount will depend on the size of your pitch), your gas bottle consumption, 30€ approx per bottle, holiday home insurance, holiday home winterisation - protecting your holiday home from winter damage, 105€ approx (should you choose our siblu team to carry out this work).
what happens if for any unforeseen reason the payment of the ground rent is not possible?
First of all you would receive two reminder letters then you would be asked to remove your holiday home from the siblu pitch at your expense or arrange to sell it back to siblu.
can I re sell my holiday home if I want to?
Yes, either to siblu exclusif or privately but you can not cede the pitch because you do not own the land.
how much would I get for my holiday home if I sold it after a year?
If you were seriously thinking of owning a holiday home for just one year we would advise you not to go ahead as holiday homes are like cars - they do depreciate and the first year is the worst. After that it really depends on how well you look after your holiday home and the state of the economy.
how much will it cost to insure my holiday home?
Siblu offers you the possibility to insure your holiday home with AGF Insurance for 190€ per annum.
does the holiday home have to be insured with siblu’s nominated insurer?
No, you have the choice to select your own insurer. However, should you choose your own, we will require proof of cover. As we are able to negotiate a group policy, we believe it will be hard to match the cover, premium and prompt/fair settlement of claims. We advise you to ensure any alternative policy provides the same levels of cover.
what does siblu’s nominated insurance cover?
It covers damage or loss to both the structure and contents of the holiday home however there are limitations. Further information available in the summary of cover available at park.
if I claim, will my annual premium go up?
There is no penalty for making a claim; whilst all insurance companies look at the overall claims they receive in a year, the annual premiums are negotiated on a group basis, not on individual claims.
what happens if I need to make an insurance claim?
The siblu exclusif owners’ representative on park will help you through the process, step by step.
