by Simon Raper
•
29 April 2022
The UK holiday let industry has been steadily growing in popularity among property investors and holiday goers alike and doesn’t look to be slowing down anytime soon! The yields available on holiday let properties have rocketed, and it is no surprise to see well-maintained properties, in the right locations, producing yields over 12% per annum. Holiday let properties offer some landlords an alternative tax-efficient investment vehicle, due to a more favourable treatment of loan interest. This has been felt even more by landlords since the full loan-interest tax-relief restrictions came into force in April 2020. However, we advise that clients seek professional tax advice before making any decisions. We have access to a wide pool of lenders offering holiday let mortgages. They typically offer: A maximum loan to value (LTV) of 75% Rates from 3.29% on a two-year fixed rate, through to 3.79% for a five-year fixed rate. Mortgages are available to individuals, property holding companies, or trading limited companies (i.e. the client's current business operation). If you are looking to diversify your property investment portfolio, or continuing to expand an existing holiday let portfolio please call us on 01845 591488.