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Shared Ownership FAQs

Is shared ownership or co-owning a new concept?

Shared ownership, sometimes known as Fractional Ownership, is not a new concept. The model has been successfully used for many years helping people to buy holiday homes, property and boats. From our perspective, we offer a fully managed purchasing and ownership experience that removes the hassle and financial constraints often associated with owning a second home.

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Is this the same as timeshare?

No, this is real lodge holiday home ownership. Timeshare typically gives you the right to use, but not own. With our Shared Ownership, you own a ¼ and can enjoy a unique holiday lodge in the beautiful settings of the Yorkshire Dales.

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Will I actually own a share of the lodge?

Yes, this is lodge holiday home ownership, but rather than buying the whole unit, you’ll purchase and own a share of the lodge.

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How many shares can I purchase?

You can purchase up to two shares (50%) of the lodge holiday home.. Shares are sold in ¼ portions or shares, and each share allows you to use the lodge exclusively for 70 nights per year.

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Can I finance the purchase?

Unfortunately not, you will need to be able to self-fund your purchase.

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Is the purchasing process the same as the usual lodge buying process?

Yes. The purchasing process is like buying a lodge holiday home with us outright; you’ll receive a site licence agreement. To understand What a Licence Agreement is, please click here to view our Ownership FAQ’s.

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Why has the usage been set at 70 nights?

From our vast experience of selling lodge holiday homes & operating parks, we know that the average annual usage of an outright lodge owner is around 60 nights per year. Therefore, we confidently know that our shared ownership offers no compromise. This also gives additional flexibility over the 365 nights to ensure you always get the dates you want.

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How do I schedule stays in my lodge?

We use a simple and intuitive online scheduling system that allows you to schedule your stays up to one (1) year in advance easily. A ¼ ownership share provides exclusive access to your lodge for 70 nights per year, with two shares equaling 140 nights.

Secure access to our online system can be made by visiting www.lodgeownerslr.co.uk/login

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Do I need to interact or agree to anything with the other owners?

No, not at all. We provide a seamless purchasing service that means you don’t need to communicate or agree to anything with other buyers. All buyers sign the same documentation when they purchase their shares, and once you become a co-owner, we manage everything on your behalf and serve as your single contact point.

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Can others use the lodge without me?

Yes, after registering with us, your family and friends may use some of your allocations even if you’re not present at the lodge holiday home.

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Can I rent out or let the lodge to holidaymakers?

No, we do not permit subletting on our shared ownership options, nor will we ever. These options are for the enjoyment of the owners & their families/friends. Not permitting subletting means that you are always safe in knowing that you are only sharing with the other co-owners of the lodge.

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What are the costs for running and managing the home?

There is one convenient annual management fee that covers the pitch fee, utility bills, insurance & lodge management. It also includes services and benefits that we offer & will offer as part of our shared ownership program.

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Are there any hidden costs I should know of?

No, this is one of the attractions of shared ownership. There are no additional costs like utilities and insurance.

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Who takes care of maintenance and repairs?

We take care of all the repairs and maintenance, wear and tear, and general upkeep of the lodge holiday home as part of the annual management fee. This ensures that the lodge is always in first-class condition for you & your fellow shared owners for each stay.

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What if the home is damaged in any way?

We believe that owners treat their lodge holiday homes with care, but accidents do happen from time to time. We’re there to help if anything happens during your stay, and we’ll look at each lodge at the end of every stay. Any damages outside of normal wear and tear will be the responsibility of the relevant owner who has used the lodge during the damage period. More details about this are available upon request.

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Are pets allowed?

Yes, most of our lodges are sold as pet-friendly, and if the first share is sold to an owner who has a pet, then the remaining shares will be sold as pet-friendly and vice versa. Please speak with our sales team for more details.

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What if I want to sell my share?

You can sell your share/s at any time after 12 months of ownership. We will assist with this and even market through our usual channels. We will let you know about market value at the time of sale and keep you informed all the way through. The standard holiday lodge resale commission of 15% of the sale price achieved applies to the sale in the usual way. More information about this is available on request.

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Will the holiday home appreciate in value?

For the sake of total transparency, lodges do not typically appreciate over time. They are an investment in lifestyle & should never be viewed as a monetary ‘investment’. Should the lodge appreciate in value, you will, of course, see the benefit from this.

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Is Shared Ownership available at Ullswater Heights & Angrove Country Park?

No, Shared Ownership is exclusively available at Aysgarth Lodges.

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Why choose Leisure Resorts?

We offer three multi-award-winning parks built with meticulous attention to detail, all offering breathtaking settings where you can own your dream holiday home. With exceptional service, exclusive owner benefits, and a focus on quality, we go above and beyond to ensure your ownership experience is truly exceptional.

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