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Birmingham housing market set to strengthen in five-year forecast
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Professional landlords fuelling buy-to-let sector boom
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Stockport into best buy-to-let investment area top ten
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Predictions for the 2023 property market: What’s in store?
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Should property investors prioritise yields over capital growth?
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UK Holiday let property investments
Explore our holiday lets for sale in the Lake District and beyond
How can we help you secure high-yielding holiday lets?
- Free property and lettings management on newly refurbished properties
- Short-term let properties generating yields of up to 10% in peak holiday season
- Holiday lets in the Lake District with generous discounts
- Tax-efficient property investments that maximise rental income
Holiday lets for sale in the UK’s most popular locations
We know you’re looking for holiday lets for sale, and we have just what you’re looking for. We’ve been helping our investors build their portfolios with holiday let investments since 2005 and now we’re ready to help you.
Our team of experts will help you find a holiday let in your chosen area and make sure that your investment is secure, profitable, and easy to manage. From initial consultation to the transaction, we’ll make sure that the whole process goes smoothly – answering all of your queries along the way.
If you’re looking for deals secured at the early stages of development, our investment property consultants are here to identify opportunities completely free of charge.
For more information about our UK real estate investment opportunities, contact one of our experienced consultants.
STAY AHEAD OF THE MARKET
Sign-up for first access to new developments and exclusive property investment opportunities.
We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.
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Furnished holiday let tax: Everything you need to know
One advantage that draws a lot of investors towards purchasing a holiday real estate is the favourable rates of tax relief that landlords can obtain. The tax benefits available for holiday let owners – that a standard buy-to-let landlord cannot acquire – can have a dramatic impact on how lucrative a property is. If a furnished holiday let is secured in areas with particularly high demand for holiday homes, landlords may qualify for a variety of tax advantages.
What qualifies as a furnished holiday let is determined by the following factors:
- A holiday let situated in the UK or European Economic Area;
- Fully furnished accommodation with utilities and furniture that can be used by guests when they stay in the property;
- The property must be available as an operating holiday let for guests to occupy for at least 210 days out of the year, whereby at least 105 of these days are for public members/holidaymakers;
- The remaining time may be used by the owner or family to occupy the property – this will not be counted in the total number of days;
- The property should be actively promoted as holiday accommodation throughout the year;
- Should the furnished holiday let allow long-term stays to take place, occupants are not permitted to stay in the property for more than 31 days and there should not be any more than 22 weeks of long-term occupancy in total.
How the UK staycation property boom has fuelled the demand for short-term lets
The UK has seen prolific growth in the self-catering holiday sector following the initial Covid-19 outbreak and subsequent lockdown restrictions. During this period, holidaymakers became desperate to replace their overseas holidays in the sun with UK staycation trips. This has inspired a multitude of investors and second homebuyers to contribute their funds to the flourishing market.
With 30% of holidaymakers preferring to vacate in the UK to avoid the stress of travelling abroad, recent challenges have resulted in sensational success for the UK tourism industry. Since the staycation boom took off in 2020, property investors have generated higher revenues after increasing their rental prices as a result of such huge demand. As a result, many holiday let owners are now earning an average of £21,000 a year. Researchers and holiday experts now predict that the demand for UK holiday accommodation will not slow down in the coming years, as holidaymakers continue to book their breaks in the UK’s prime holiday hotspots. Therefore, the long-term revenue opportunities for landlords looking to invest in this profitable market could be significant.
Are holiday lets a good investment?
If investing in holiday lets is a direction you wish to take to diversify your UK portfolio, now is the time to start. The flourishing market, boosted by the summer staycation boom in 2020, has an array of benefits that holiday let landlords can take advantage of. With the average holiday let earning over 10% in rental yields at peak season, this genre of residential property has rapidly become an attractive asset to property investors. For those thinking of purchasing and running a domestic holiday let, you could gain a lucrative return on your investment for the following reasons.
Holiday lets are treated very differently to the average buy-to-let property as they are considered and taxed as trading businesses by HMRC. As a result, many landlords view furnished holiday lets to be a tax-efficient and profitable asset to obtain. Although the exact tax advantages vary from each property, landlords of FHLs can claim full mortgage interest tax relief. In addition, the ongoing expenses that come with managing holiday accommodation can be claimed in order to cover bills, furniture and maintenance costs.This entitlement does not apply to standard residential properties.
Furthermore, an FHL that is valued under £15,000 can mean investors are entitled to pay Business Rates on their property, rather than Council Tax.In some cases, landlords can completely avoid paying any rates at all. Furthermore, should a landlord decide to resell their holiday let, they can reap the benefits of lower Capital Gains Tax (10%) – considerably lower than the basic rate tax on buy-to-let properties.
-
Birmingham housing market set to strengthen in five-year forecast
-
Professional landlords fuelling buy-to-let sector boom
-
Which UK cities are recording house price growth above expectations?
-
Stockport into best buy-to-let investment area top ten
-
Birmingham is leading the way for property sales in the UK
-
The best regions for property investment in the UK in 2023
-
Predictions for the 2023 property market: What’s in store?
-
Should property investors prioritise yields over capital growth?
-
The complete guide to building a property portfolio
-
Top spec new-builds remain highly sought after among investors
When it comes to discovering the perfect location to purchase rental accommodation, you should first consider choosing an area you would personally like to visit. Landlords could save a substantial amount of money by combining their holiday business with personal trips, which is why your personal opinion matters. Once you have collated ideas of potential prime areas, landlords need to be tactical about where they choose to buy a holiday home, as the area must have plenty of demand for holiday accommodation. Occupancy rates and rental income are elevated by landlords that strategically purchase holiday lets in tourist destinations, which is why conducting thorough research is so important to your success.
The following considerations should be taken into account:
- Does the property have sea views or is it located close to a beach?
- Is the property close to tourist attractions, pubs and restaurants?
- Would I like my property to accommodate large families or small groups/couples?
- Does the property have disabled access?
- Are there any transport links within close proximity for guests to travel via public transport?
- Does the property have appropriate parking facilities?
- Will the holiday let meet my personal needs and expectations should I choose to stay in it?
- What is the average rental cost of holiday accommodation in this area?
Choosing a holiday let that sells is crucial if you expect to maximise your returns. To achieve this, landlords should always be aware of their customers’ expectations and work hard to meet them. Generally speaking, guests look for a high standard of accommodation that contains top-quality utilities and facilities for use throughout their stay.
The best places to buy a holiday home in the UK
As it stands, a greater number of holidaymakers looking for a UK getaway are showing great interest in beauty spots, rather than city breaks in areas such as Edinburgh and London. In 2021, Google identified that most searchers looking for accommodation in the summer were exploring options in areas such as the Lake District and Cornwall. With restrictions in place, escaping to the UK’s most scenic destinations has seemed to be the best alternative option to travelling outside the country. Experts estimate that people’s desire to take their holidays within the UK will extend across the next few years now that more and more investors are offering luxury holiday lets in picturesque and coastal locations. That said, it is vital that investors looking to obtain a holiday let conduct thorough research of the most prominent, high-demand areas in the country.
It is difficult to determine the ideal area to operate a holiday let as preferences vary from person to person. However, the most attractive destinations for holidaymakers in recent years include the likes of Cornwall, Devon, Dorset, Wales, Yorkshire and the Lake District. There is a common theme that connects all of these places – scenic views, countryside, and countless tourist attractions for all of the family to enjoy. Whether it’s a holiday cottage you wish to rent out or luxury apartments, these prime UK holiday destinations are the perfect place to begin your holiday let venture.
Why invest in the Lake District?
The Lake District has an unmatched reputation as one of the country’s top rural, cultural destinations. Proving itself year upon year as one of the UK’s most popular holiday hotspots, Cumbria remains one of the most favourable locations to build a sustainable property portfolio. On average, landlords running all-year-round holiday accommodation can expect to earn an 8.52% annual average return on their investments. Holiday homes in the Lake District remain popular throughout the entirety of the year, no matter the season. In fact, the prospect of enjoying a winter holiday in the National Park is attractive to tourists from all over the UK as well as abroad. From mountain hikes and Christmas markets to beautiful winter landscapes, it’s perfect for stargazing, sledging and building snowmen. This idyllic spot ensures that holiday lets remain in demand throughout even the coldest of months.
Talk to us today to expand your investment portfolio with short-term let properties
As a leading source of off-market investment opportunities, BuyAssociation is known for securing our clients remarkable discounts on unique residential developments.
The property types we have access to range from HMOs and build-to-rents to conventional buy-to-lets, all of which are attractive investments.
As a team of investment consultants, we believe that learning about you, your long and short-term goals, and your approach to investing, are all fundamental to our mission. BuyAssociation recognises that everyone’s investment journey is unique, which is why we do things differently. By forming professional relationships between developers and investors, we streamline the development process, resulting in a seamless, straightforward process.
Our team of investment consultants at BuyAssociation can help both new investors and experienced landlords in acquiring properties that add value to their portfolio. We are dedicated to making the investment process as hassle-free as possible, fostering strong relationships with our clients to best advise them on their investment journeys. We take a proactive approach in assisting clients with everything they need to complete their transactions successfully, ironing out any complications that may arise on the way. For expert guidance and professional help from property consultants that are client-orientated, transparent and attentive, call us now for assistance with all of your property investing needs.
STAY AHEAD OF THE MARKET
Sign-up for first access to new developments and exclusive property investment opportunities.
We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.
- New property developments
- Professional market reports
- Property deal alerts
- Development updates
