Profile: KurtEusebio

Your personal background.
Retirees looking to top up their pension are flocking
to the holiday let market.
Many are hoping to cash in on the boom in UK tourism, while generous tax perks are tempting landlords struggling to make a profit from buy-to-let.

The number of people booking self-catering holidays in England jumped from 6.22 million to 7.23 million between 2015 and 2017,
according to Visit England.
The recent fall in the value of the pound amid Brexit uncertainty is also
expected to boost the appeal of the 'staycation'.




[img][/img]
Holiday haven: St Ives harbour in Cornwall. The number of people booking self-catering holidays
in England jumped from 6.22 million to 7.23 million between 2015
and 2017

It means luxury cottages, apartments and quirky cabins are more sought after
than ever.

Holiday homes provider Cottages.com told Money Mail it has seen a 25 per cent year-on-year rise
in the number of owners registering properties on its website. 
Most are first-time investors, while an estimated one in three are retirees.






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Leeds Building Society has also seen a 19 per cent rise in applications
for holiday-let finance in the first six months of the year compared to the same period two
years ago. 
More than a quarter of borrowers were aged
over 55.
Meanwhile, Ipswich Building Society says mortgage brokers in its area
had reported such a high demand for holiday cottages in Suffolk, Norfolk, the Essex coast
and Cambridgeshire that it has now launched its first range
of holiday let mortgages.
So should you consider investing in a holiday let?


Increasing numbers of landlords are fleeing the buy-to-let market after their profits were hit by stringent new tax rules
phased in from 2017.
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