Buy-to-letAug 23 2018

Guide to unusual buy-to-let

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CPD
Approx.60min
  • Learn what there is to know about the holiday let market in the UK.
  • Understand how mortgage providers are catering to the needs of expat landlords with UK property and the tax implications for holiday homes.
  • Consider what there is to know about Airbnb as buy-to-let landlords show an interest.

Guide to unusual buy-to-let

  • Learn what there is to know about the holiday let market in the UK.
  • Understand how mortgage providers are catering to the needs of expat landlords with UK property and the tax implications for holiday homes.
  • Consider what there is to know about Airbnb as buy-to-let landlords show an interest.
pfs-logo
cisi-logo
CPD
Approx.60min
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Introduction

By Ellie Duncan
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Historically, it has been specialist lenders and building societies that have catered to the small, but growing, number of borrowers who want to use their property let in a less conventional way.

But more lenders, including some mainstream mortgage providers, are launching products that maybe once they would have shied away from.

The popularity of holiday accommodation site Airbnb has forced lenders to bring to market more innovative mortgage products which meet the demand for unusual buy-to-let.

As domestic and overseas tourism in the UK shows no signs of slowing, advisers may well see more enquiries from clients about how to turn their residential buy-to-let into a holiday let, or how to list their property on Airbnb while they work abroad for a few months.

But as with any property investment, advisers' clients will need to consider a number of elements before deciding if this is right for them, including the tax implications and the possible fluctuations in income that come with letting to holidaymakers.

In this guide, read about what advisers and their clients need to know about entering the UK holiday let market, how providers are catering to expat landlords with a UK property, how holiday homes are taxed and, finally, the potential opportunities and pitfalls of Airbnb.

This guide is worth an indicative 60 minutes of CPD.

The following are contributors to this guide: Danny Belton, head of lender relationships at Legal & General Mortgage Club; Guy Nyirenda, a partner at Coreco; Mike Taylor, head of products and savings at Mansfield Building Society; Karen Bennett, managing director of commercial mortgages at Shawbrook Bank; Mark Pearce, a tax partner at Irwin Mitchell Private Wealth; Jackie Hall, a tax partner at RSM; Paul Clampin, chief lending officer at Landbay; Stephen Marcon, expat, international and overseas mortgage specialist at Connect Mortgages; Stuart Phillips, a director of Aalto Mortgages; Simon Heawood, chief executive of Bricklane; Chris Etherington, tax partner at RSM; Jeff Knight, mortgage director for Foundation Home Loans; Office for National Statistics; VisitBritain; The Sykes Staycation Index 2018; RSM; Airbnb.

Ellie Duncan is features editor of FTAdviser and Financial Adviser

In this guide

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