Investing in property is on the increase and in particular the buying of property as holiday home letting, however while it can be a huge success there is much to know when it comes to holiday home letting one of the most important factors is getting the correct holiday home mortgage advice.
Buy to let properties and holiday homes fall into different categories and the holiday let can give you some very valuable tax advantages. One of these is capitol gains tax on profits along with claiming more rent to reduce the amount of income tax that you pay. When you take into consideration that some properties increase in value by around 25% in just a 12 month period then you can see that this could be a great boost.
When it comes to buying property with the intention of letting it as a holiday home then the locations for the property are limitless – dont think that the property has to be in a seaside town. While a great many people do like to be beside the sea there are many other options available with the countryside being a very popular option for many. Along with this take into account places where they hold huge festivals such as Edinburgh – thousands of...
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