In this episode of The Mortgage Mum Podcast we talk about holiday lets, and why they have become an increasingly popular investment. With the rise of UK staycations, and people rediscovering the beauty of Britain, it is no surprise that more people want to invest in holiday lets.
For one, the ROI (Return on Investment) is interesting! When you compare to a buy to let property, you can potentially earn the same rent in one week with a short term let as you can in one month with a buy to let property.
In this episode, we talk about:
- What is a holiday let?
- How does affordability work in a holiday let mortgage?
- How much deposit do I need?
- What are the pros and cons?
- How does the ROI compare to a buy to let property?
- How easy is it to get a mortgage for a holiday let?
And we share some details about one of our Mortgage Mum team - Colleen Sykes - who owns her own STUNNING cottage in Corfe Castle as a holiday let investment. I share her insight to why she chose this form of investment, and the pros and cons.
PLEASE check out Colleen's stunning house here - Acorns - https://www.classic.co.uk/holiday-cottage/desc-4828.html.
I know I'll be booking to stay there as soon as I can!!!!
I am super impressed with Colleen's investment here, as well as her stance on it, and I can't wait to see it unfold. I'm sure it will be a huge success.
As always, we aim to break difficult topics into easy conversations, so we hope you got a lot from this episode.
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The Mortgage Mum is a team of 30 women based all across the UK. We are passionate, driven, enthusiastic women who thrive from helping customers achieve their property dreams. We educate, empower and we give an excellent service from start to finish.
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Thank you for listening.
Our beautiful intro and outro piano music was created and recorded by the incredible Zoe Alexandria - www.zoealexandria.co.uk. Please check her out on social media. She is so talented.