Paying for Your Annexe
An annexe is a significant cost, but there are several practical ways to fund it. Here are the options our customers typically use.
Ways to Fund Your Annexe
Every family's situation is different. These are the most common approaches.
Savings & Cash
Many families fund their annexe from savings, often combining resources from multiple family members. This avoids interest costs and keeps things simple.
- No interest payments
- Straightforward process
- Often combined family contributions
Equity Release
If your parent is selling their home to move into the annexe, the sale proceeds can fund the build with plenty left over for retirement.
- Average UK home sale: £280,000+
- Covers annexe cost with surplus
- Extra funds for care or enjoyment
Remortgage
If you have equity in your home, remortgaging can release funds for the annexe. The annexe then adds value back to your property.
- Access home equity at low rates
- Annexe adds 15-30% property value
- Spread cost over mortgage term
Family Contributions
Many families share the cost between generations. The whole family benefits, so the whole family contributes.
- Parents contribute from savings
- Siblings share the cost
- Fair reflection of shared benefit
Our Payment Structure
You pay in stages as work progresses. We don't ask for large sums upfront.
Deposit
Small deposit to secure your build slot and begin design work.
Manufacture Stage
Payment due when your annexe components are manufactured.
Installation Stage
Payment as on-site installation begins.
Completion
Final payment on handover, once you're happy with everything.
Zero VAT Under the Caravan Act
Our annexes qualify under the Caravan Act 1968, meaning you pay no VAT on the annexe itself. That's an immediate 20% saving.
On a £110,000 annexe:
£22,000 saved
The Numbers Compared to Care Homes
When you compare annexe costs to care home fees, the difference is large.
2 years
Typical payback period vs care home fees
£500k+
10-year savings vs residential care
15-30%
Added to your property value
Care home fees of £65,000/year mean an annexe pays for itself in under 2 years. After that, you're saving over £60,000 every year.
See full financial comparisonTransparent Pricing
Studio
From £90,000
Open-plan living
One Bedroom
From £110,000
Most popular choice
Two Bedroom
From £130,000
Complete home
What's included in the price:
Prices exclude site preparation and utility connections, which vary by site. We provide a detailed breakdown in your quote.
Get a Detailed Quote
Book a free consultation and we'll give you a clear quote for your specific project.