Work-Life Balance
A Search for Balance
James and Sarah, a professional couple in their early 40s, were eager to escape the hustle and bustle of city life without compromising their work commitments. Living in Newcastle, they found their answer in Seahouses—a static caravan at a well-maintained holiday park near the coast.
The Perfect Retreat
Priced at £70,000, the caravan offered more than just a getaway. With a second bedroom doubling as a small office, it became an ideal setup for remote working. This flexibility allowed James and Sarah to spend four days at home and three days at their caravan each week, combining productivity with the fresh sea air and a change of scenery.
Flexible Financing Made Simple
To make the purchase possible, the couple used £25,000 from their savings as a deposit and secured a loan for the remaining £45,000, spread over 10 years. This plan kept their monthly repayments manageable, ensuring they could enjoy their new retreat without financial strain.
A Haven by the Sea
Now, James and Sarah enjoy the best of both worlds—productive remote workdays in a peaceful coastal setting and relaxing evenings by the sea. Their static caravan has become a haven, providing the perfect work-life balance they had been searching for.
At a Glance:
– Static caravan price: £70,000
– Deposit: £25,000 (from savings)
– Loan amount: £45,000 (secured loan over 10 years)
– Monthly repayments of £545
– Benefits: Remote working space, peaceful coastal location, affordable repayments
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Further Info
LOANS – Rates from 3.65% variable. We also have a range of plans with rates up to 65.2% allowing us to help customers with a range of credit problems. Representative 8.6% APRC variable. Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 5.14% (variable) you would make 120 payments of £122.71 per month. The total amount repayable will be £14725.20 (This includes a lender fee of £495 and a broker fee of £1000 which have been added to the loan.) The overall cost for comparison is 8.6% APRC representative. Maximum APR 65.2%
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