Holiday lets

This is different to a second home you would use solely for yourself.

This can allow you to have a useable second property that could be used as a cash stream when not occupied. As it is a holiday let, you can potentially rent out one for a lot more money than a normal rental property due to the holiday seasons.

Furnished holiday lets are also treated differently by taxes. They are classed as a business meaning you can still claim tax relief on the mortgage interest. For it to count as a holiday let, the furnished accommodation must be available to rent for at least 210 days a year.

*We’re unable to provide tax advice. We would always suggest you seek independent advice*

*Your property may be reprossessed if you do not keep up repayments on your mortgage*