August's latest properties
Holiday Let Mortgages
Investment in residential property has grown at a tremendous rate over the last few years; mainly due to the Buy to Let investment. Growth in Buy to Let investment has been nothing short of phenomenal, fuelled by the combination of easily available finance, the advent of the AST and the British love affair with property ownership. Buy to Let has given any savvy member of the public an opportunity to make a lot of money....of that there is no doubt.However, if you have come as far as this website, you have already realised the potential of an alternative; running a Holiday Lettings Business. You might want to look at: for Holiday Let Mortgage for information and advice: http://www.holidayletmortgages.co.uk/holidayletarticles/index.htm. All the benefits of Buy to Let investment; capital growth and tangible security but with potentially less risk. After all, the holiday makers pay for the holiday rental in advance; and of course a legal landlord tenant relationship, as created by an AST does not exist.
You may have previously considered Buy to Let Investment, but discounted it due to the tax position. Well just click through to Holiday Let Mortgages' furnished holiday let tax guide, where HMRC are being unusually generous.
As well as investment potential, many purchasers of Holiday Let properties, second homes or holiday homes, have an ulterior motive. Eighty percent of second home purchasers say that it is their intention to retire to and live in their Holiday Let property. This is perfectly feasible, providing the property has full residential usage*. The real plus points for these people are that in the interim period, the property is paying for itself at today's prices. Of course, if you retire to your holiday home, and nominate this as your main residence, there is a reduced capital gains tax calculation.
For a general guide to holiday let mortgages click here: http://www.holidayletmortgages.co.uk/holidayletmortgagesbrochure.htm
* Some properties have restricted usage which you should check before purchasing. Typically, this deems them to be mainly holiday let only properties which means you cannot live in them permanently.