On 19 February the Department for Levelling Up, Housing and Communities announced a change in the rules governing Airbnb-type lettings by requiring planning permission for properties let for more than 90 days per year, introducing a mandatory national register of short term lets and giving councils greater powers to control short-term lets. […]
Buy-To-Let verses Holiday Lets: The Main Differences
The UK is an internationally-renowned holiday destination, which also benefits from a significant domestic-tourism market. As a result, there is a huge demand for short-term holiday rentals and where there is huge demand there is the potential for significant profits, but does it make for a better investment than a […]
8 Ways To Make Money From Your Home
Holiday lets market continues to soar
In March, Andrew Turner, chief executive at specialist buy to let broker, Commercial Trust Limited, predicted that 2019 would see significant growth in the holiday and short-term lettings market. Just over three months on, that prophecy appears to be in the midst of fulfilment, as thousands of Britons elect to […]
Could Brexit be good news for holiday lets?
Brexit uncertainty could lead to more Britons holidaying in the UK, bolstering demand for holiday let rental homes. That is one possible scenario that specialist buy to let mortgage broker Commercial Trust Limited has suggested could happen during 2019, in an already growing rental market space. The logic comes from […]
Holiday Lettings – At Your Service?
Mark McLaughlin looks at furnished holiday lettings in the context of inheritance tax business property relief. Business property relief (BPR) is a valuable inheritance tax (IHT) relief, which is available to business owners if certain conditions are satisfied. The relief applies to ‘relevant business property’, including a business or interest […]