Holiday Home Mortgages - A Solid Property Investment

By: Sean Horton

If you've ever fancied being a property investor and you've always dreamt of having your very own place in the sun, why not combine the two and get a holiday home? Holiday home mortgages give you the chance to own a solid investment as well as have a bit of fun too!

More and more Britons are now buying their own UK holiday home, and for three different - but all viable - reasons.

1.As a pure investment property. These buyers run their holiday home as a business, paying their holiday home mortgage wit the rental income and watching the value of their investment grow.

2.For a place to retire to. Many people are now buying a holiday home with the aim that when they retire, they can move in there permanently. Until that time, hopefully the rental income will be paying off the holiday let mortgage, enabling the owner to have a worry-free financial future when they do retire.

3.For holidays! Why pay rent to stay in someone else's property when you can buy your own? If you let the property outside of your holidays, the mortgage repayments should be taken care of during the high season, so, in effect, you are having free holidays!

By now you are probably itching to go out and get your own holiday home. However, you do need to be aware that there are some considerations that you will need to think about, such as management fees, insurance and what happens if your property is not let for a long period of time.

These things aside, apart from the obvious reasons of buying your own place in the sun, with holiday home mortgages you can attract other benefits, including tax breaks. While there is too much to go into here and you will need to seek specialised advice, I am sure we'll all agree that it's nice when the tax man gives you something back!

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