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UK firms expand holiday let mortgage programmes
Reading Time: 2 minutesUK: Multiple UK building societies have created new mortgage programmes designed specifically for the holiday home buy-to-let market. YBS, Teachers for Intermediaries and Leeds Building Society have all introduced mortgages designed to capitalise on UK holiday let market growth. These companies are taking advantage of a twin set of developments within the British economy. Firstly, […]
UK holiday lets soar in demand from travellers and investors
Reading Time: 2 minutesUK: UK holiday homeowners are seeing a significant rise in demand from travellers and investors as nationwide lockdowns start to ease. According to holiday rentals search engine Holidu, bookings in the UK are up 156 per cent on the previous year, and investors are seeking to capitalise. Inquiries on holiday homes have surged by up […]
Edinburgh holiday lets return to long-term
Reading Time: 2 minutesUK: Due to the strain of the COVID-19 coronavirus, many Edinburgh landlords have returned to long-term lets. The shift is supported by many community groups, who have been bemoaning the growth of short-term lets in the city. Mike Small of pressure group Citizens Network said: “The virus is forcing the short-term let and Airbnb market […]
Mortgage lenders expect rise in holiday let loans
Reading Time: 2 minutesUK: With the shadow of Brexit impacting on travellers’ wallets and their options, mortgage lenders are expecting to see a rise in holiday let investment. 85 per cent of brokers in the UK are predicting a rise in applications for holiday let loans, with 29 per cent of those expecting that to be significant. Simon […]
Overflowing bins attributed to holiday let “explosion” in Edinburgh
Reading Time: 2 minutesScotland: Edinburgh City Council is attributing a 13 per cent increase in overflowing bins over the last 12 months to the perceived “explosion” of holiday lets in the city like those rented out over Airbnb. Over the summer alone, overflowing bins have generated some 6,000 complaints from disgruntled homeowners in Edinburgh. The city council is […]
TravelNest’s Rebecca Moore on improving the visibility of holiday lets
Reading Time: 6 minutesScotland: ShortTermRentalz spoke to Rebecca Moore, VP of Operations at short-term holiday rental marketing platform TravelNest, about how her company is improving the visibility of holiday lets on booking channels, its funding plans and challenges it is facing in the short-term rental industry. Please introduce yourself, the TravelNest brand and what services you provide in […]
The Telegraph and HomeAway unveil favoured UK holiday let locations
Reading Time: 3 minutesUK: The Telegraph has revealed a list of the best places in the UK to run a holiday let, following a research collaboration with estate agency Savills and holiday home accommodation website HomeAway. The list of the ten most in-demand UK destinations for travellers was compiled by HomeAway, which lists over 92,000 domestic holiday lets, […]
UK holiday let market creating opportunities for investors
Reading Time: 2 minutesUK: Thousands of Britons are opting to spend their holidays closer to home and as a result, holiday let property investors are seeing the potential business opportunities this presents. That was the opinion of Commercial Trust Limited chief executive Andrew Turner, speaking to Property Reporter, in which he said the holiday and short-term lettings market […]
Opportunities emerging for UK holiday lets this year
Reading Time: < 1 minuteUK: A recent survey by Leeds Building Society has revealed almost a fifth (17 per cent) of British holidaymakers are planning to stay in the UK this year, rather than go abroad on holiday. The study also highlighted that one in ten people had decided to change their vacation plans this year due to ongoing […]