We were pleased to read today that confidence in the UK holiday home market continues to remain high.
With rising food and fuel prices many people are choosing to holiday at home in the UK. A recent survey by LV Insurance found that 58% of adults are opting for a UK holiday this year.
And research from The Property Investor Show investors indicates that 20% of investors are now more interested in investing in a UK holiday home rather than other alternatives. 32% of those asked preferred the south east costal towns with 28% preferring the south west such as Devon and Cornwall.
Whilst most parts of the mortgage market is in the doldrums the demand for holiday let mortgages still remains high. As a specialist mortgage broker for UK holiday let mortgages we know the popular holiday areas our clients choose to buy in. The majority still go for the South West with Norfolk, Lake District and Scotland close behind.
As always, research is the key to purchasing a successful UK holiday letting home. Look at the local area, the amenities for holidaymakers and the demand from tourists. Make sure your property ticks as many boxes as possible. Remember that most costal towns are seasonal but the New Forest and Lake District attract visitors all year round.