{"id":390,"date":"2021-10-01T09:27:12","date_gmt":"2021-10-01T08:27:12","guid":{"rendered":"https:\/\/holidayletmortgageuk.com\/?p=390"},"modified":"2021-10-01T09:27:14","modified_gmt":"2021-10-01T08:27:14","slug":"holiday-let-alternative-investment","status":"publish","type":"post","link":"https:\/\/holidayletmortgageuk.com\/holiday-let-alternative-investment\/","title":{"rendered":"Homeowners keen to explore Holiday let as an alternative investment"},"content":{"rendered":"\n

Interest rates on cash savings accounts fell to record lows on average during 2021 and whilst some are starting to recover, it would be understandable for savers to be considering alternative ways to invest. The latest research from Original Cottages revealed that almost three quarters (71%) of homeowners were keen to explore other ways of investing away from a traditional bank savings account and two thirds (63%) considered holiday let as a good investment opportunity.<\/p>\n\n\n\n

Property has been an enticing investment opportunity in recent years due to rental demand and not only has the buy-to-let arena overall bloomed, but there has also been a rise in mortgage options for those exploring holiday let. According to Moneyfacts.co.uk data, there were just 74 deals from 14 lenders available to investors in August 2020, but this has more than doubled to 186 deals from 25 lenders this month. The expansion in choice within this niche market comes at a time when demand for staycations is surging.<\/p>\n\n\n\n

Contact us today to speak with a specialist\u00a0Holiday Let Broker<\/a><\/strong>\u00a0to discuss how we can assist you<\/em> <\/p>\n\n\n\n

UK staycations have thrived during 2021 at a time where the uncertainties surrounding international travel have been prevalent and the recent study from Original Cottages revealed 73% of respondents were more likely to consider investing their savings into a holiday let now compared to five years ago. There has been considerable growth in the holiday let market during 2021, according to Hamptons International . They recorded more holiday let incorporations in England, Scotland and Wales between January and June 2021 than the whole of 2020 and is the highest number (1,404) since records began in 2007.<\/p>\n\n\n\n

Investors exploring the prospect of having a holiday let of their own may feel the prospect is daunting, so seeking the expertise of a company in tune with the ever-growing market for guidance is wise. Hannah Cooper, Regional Head of Property Recruitment for Original Cottages said, \u201cStaycations have driven demand for holiday lets as more people than ever are holidaying closer to home, presenting a great investment opportunity. Whilst our research revealed there is an appetite to invest in a holiday let, well over a third (39%) are worried about not having enough time to manage the property and over a fifth (29%) are concerned by the level of admin work required. Whether you have a second property or are considering purchasing a property to transform into a holiday let, we help make holiday lettings stress free and profitable. We provide legal advice and property management by a team of local experts, helping you make the most of your investment.\u201d<\/p>\n\n\n\n

Discover our Holiday Let Mortgage Broker<\/a><\/strong> services.<\/em><\/em> <\/p>\n\n\n\n

Alternative investments<\/strong><\/p>\n\n\n\n

Consumers looking for alternative investments can find various options out there, which could appreciate more than a cash savings account. As the value for assets can go down as well as up, it is important consumers seek advice before they invest. The below list is a selection of alternative investment options we have drawn together that consumers may be keen to explore: <\/p>\n\n\n\n