Originally posted by scooterscot
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What return do you get (or would you need) on a holiday home/BTL?
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The greatest trick the devil ever pulled was convincing the world that he didn't exist -
Originally posted by bobspud View PostThey don't seem to have a problem from what I can see...
I would agree with the 1200 - 1700 mark being the good stuff
Originally posted by LondonManc View PostSo if you buy a flat in Leeds, it's a BTL but the same in Torquay equals a holiday let?
BTL/FHL are quite different in how they function.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostIf you let it out week by week, furnished, it's a holiday let (FHL). You can't have people stay longer than 31 days on one go and it needs to be let for 201 days a year (from memory, there are some areas of leniency).
BTL/FHL are quite different in how they function.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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It is a weird model, that you a buy a place to leave empty 50% of the year. Not wonderful for local communities but still better than people buying a 2nd home they spend 3 weeks in a year!
That's what this flat was. It sat empty presumably 40+ weeks a year, weird!Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostIt is a weird model, that you a buy a place to leave empty 50% of the year. Not wonderful for local communities but still better than people buying a 2nd home they spend 3 weeks in a year!
That's what this flat was. It sat empty presumably 40+ weeks a year, weird!What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by d000hg View PostIt is a weird model, that you a buy a place to leave empty 50% of the year. Not wonderful for local communities but still better than people buying a 2nd home they spend 3 weeks in a year!
That's what this flat was. It sat empty presumably 40+ weeks a year, weird!
In terms of the day rule, is it the days that you have it available for letting or the days that you actually let it that qualifies it as a holiday let?The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Got close to 80% occupancy last year with city pad;-)"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by MarillionFan View PostOr that no-one wanted to rent it. 150k has to be a crap flat.
Cornwall is generally not an expensive area for property, not far off the North (where £160k can get you a 4 bed detached house with garden in an OK neighbourhood or 2-3 such places in a rough area)
Originally posted by LondonManc View PostI'd see it as somewhere for us to go and chill when we're not renting it out.
In terms of the day rule, is it the days that you have it available for letting or the days that you actually let it that qualifies it as a holiday let?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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