{"id":932,"date":"2022-06-10T08:38:44","date_gmt":"2022-06-10T07:38:44","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=932"},"modified":"2022-06-10T09:19:15","modified_gmt":"2022-06-10T08:19:15","slug":"buy-to-let-investors-flock-to-holiday-lets","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2022\/06\/10\/buy-to-let-investors-flock-to-holiday-lets\/","title":{"rendered":"Buy-to-let investors flock to holiday lets"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>UK-based\nholidays have soared in demand during the pandemic, with buy-to-let investors\nflocking to the holiday let sector to take advantage.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Holiday let\nmortgage availability has trebled since 2020, making it easier for would-be\ninvestors to tap into this demand. According to recent figures<sup>1<\/sup>\nthere are more than 230 buy-to-let mortgages eligible for holiday lets on the\nmarket, versus just 74 back in August 2020.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Competition\nbetween lenders has become keen, with average interest rates reducing from\n4.14% in September 2021 to 3.92% in January 2022.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Factors to\nconsider<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>\u2013&nbsp; As you can\u2019t buy a holiday home with a\nstandard residential mort-gage, you\u2019ll need to opt for a specialised buy-to-let\nor holiday let<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>\u2013&nbsp; The government is currently working to close\na tax loophole that has seen people claiming tax relief on empty properties.\nHoliday let owners will soon be required to prove that their property is being\nlet for at least 70 days each year to claim small business tax relief<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>\u2013&nbsp; It\u2019s important to think about the additional\ncosts involved above and beyond buying the property itself. For example, you\nmay have to spend a significant amount up-front to get the property ready for\nholiday let clientele. You\u2019ll also have to consider how much the property is\nlikely to generate in rental income and whether this is likely to be\nsustainable.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Get advice<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>We can help you\nweigh up your options and recommend the most suitable mortgage finance for your\nneeds.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Moneyfacts,\n2022<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>It is important to take professional advice before making any\ndecision relating to your personal finances. Information within this article is\nbased on our current understanding and can be subject to change without notice\nand the accuracy and completeness of the information cannot be guaranteed. It\ndoes not provide individual tailored investment advice and is for guidance\nonly. Some rules may vary in different parts of the UK.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>UK-based holidays have soared in demand during the pandemic, with buy-to-let investors flocking to the holiday let sector to take advantage. Holiday let mortgage availability has trebled since 2020, making it easier for would-be investors to tap into this demand. According to recent figures1 there are more than 230 buy-to-let mortgages eligible for holiday lets [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,76],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/932"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=932"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/932\/revisions"}],"predecessor-version":[{"id":934,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/932\/revisions\/934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/933"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=932"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}