Holiday Lets – It is that time of the year when everyone seems to be on their holidays. This year the UK has seen more families choosing ‘Staycation’ holidays, with many popular destinations like Cornwall, North Wales and the Lake District booked up throughout the year. Lots of families are looking at self catering cottages or apartments for their stays due to the extra room and flexibility they offer.
If you are looking to invest in property this is a great area to choose. Not only are the rental yields higher but with different tax rules from those with buy to lets, the income potential is greater. There is the option to purchase under a Limited Company or personal names. Most lenders who offer holiday let mortgages also allow a period of personal use over the year so you get the added bonus of using the property throughout the year.
JF Financial Solutions is a specialist in this area with access to all the lenders who offer this type of mortgage. If you are exploring this type of property, please get in touch with us today to discuss your options.