{"id":6342,"date":"2022-06-10T08:16:05","date_gmt":"2022-06-10T07:16:05","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=6342"},"modified":"2022-06-10T08:16:07","modified_gmt":"2022-06-10T07:16:07","slug":"btl-investors-tap-into-domestic-holiday-demand","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/06\/10\/btl-investors-tap-into-domestic-holiday-demand\/","title":{"rendered":"BTL investors tap into domestic holiday demand"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Pandemic-related\ntravel restrictions have unleashed huge demand for UK-based rentals among\nBritish holidaymakers \u2013 with buy-to-let (BTL) investors scrambling to take\nadvantage.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>According to\nfigures<sup>1<\/sup>, holiday let mortgage availability has trebled since 2020,\ngiving would-be investors ample opportunity to tap into this demand. There are\nnow 231 buy-to-let mortgages eligible for holiday lets on the market, versus\njust 74 back in August 2020.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>As the number\nof deals increases, competition between lenders is also on the rise, with\naverage rates reducing from 4.14% 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>If you\u2019re\nthinking about investing in a holiday let, there are some factors to consider\nbefore taking the plunge. Firstly, the government is currently working to close\na tax loophole that has seen people claiming tax relief on empty \u2018holiday\nlets\u2019. Holiday let owners will soon be required to prove that their property is\nbeing let for at least 70 days each year in order to claim small business tax\nrelief.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Secondly, it\u2019s\nimportant to think about the cost of purchasing a holiday let above and beyond\nthe property itself. For example, you may have to spend a significant amount\nup-front to get the property ready for holiday let clientele. You\u2019ll also have\nto consider how much the property is likely to generate in rental income \u2013 is\nit in a good enough location to attract a steady stream of holidaymakers?<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Weigh it up<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>We\u2019ll be able\nto help you weigh up the various factors and recommend mortgage finance that\u2019s\nsuitable for your needs.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Moneyfacts, 2022<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>As a\nmortgage is secured against your home or property, it could be repossessed if\nyou do not keep up mortgage repayments.<\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Pandemic-related travel restrictions have unleashed huge demand for UK-based rentals among British holidaymakers \u2013 with buy-to-let (BTL) investors scrambling to take advantage. According to figures1, holiday let mortgage availability has trebled since 2020, giving would-be investors ample opportunity to tap into this demand. There are now 231 buy-to-let mortgages eligible for holiday lets on the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":6343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/6342"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=6342"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/6342\/revisions"}],"predecessor-version":[{"id":6346,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/6342\/revisions\/6346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/6343"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=6342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=6342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=6342"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=6342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}