Despite the credit crunch and the poor summer, Brits are still enjoying their UK holidays so much they want to buy their own UK holiday home to use again and again.
We deal with holiday home mortgage enquiries throughout the year but July and August have again seen a rise in enquiries from Britons who want to purchase their very own country cottage or weekend holiday home retreat. Holidaymakers returning from summer trips to the UK holiday hotspots are dreaming of owning their own property for regular family holidays.
Owning a UK holiday home has several advantages. You have your very own bolt-hole to go to whenever you please. Friends and family can use the property to reduce the cost of their UK holidays and this also means the property is regularly visited. But it’s by letting the holiday home that provides some of the biggest advantages. Not only will you receive a regular income from lettings but your property may qualify as a Furnished Holiday Let which carries some great tax breaks. A Furnished Holiday Let is the taxman’s definition and you have to make sure you meet his rules. If you do, then there are income tax and capital gains tax advantages to be had.
If you wish to let your holiday home then a holiday let mortgage will be needed to provide the necessary mortgage finance. Holiday let mortgages are not available from high street lenders but a specialist holiday let mortgage broker can help you find the best finance to fund your dream UK holiday home.
Holiday Let Mortgages are the UK’s premier holiday let mortgage broker. Visit our dedicated website at www.holidayletmortgages.co.uk for more information including Furnished Holiday Let tax tips or call us on 0800 840 3111.