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catoutthebag
Posts: 2,216 Forumite
With the tax changes in buy to let, more people are going for holiday let's, cheaper and with the rise in staycation.
Coastal areas are popular and benefit in terms of self use.
Anyone have information and costs (start up, running, turnover)? Are we talking caravans and lodges?
Any links would be helpful too.
Thank you
Coastal areas are popular and benefit in terms of self use.
Anyone have information and costs (start up, running, turnover)? Are we talking caravans and lodges?
Any links would be helpful too.
Thank you
0
Comments
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I can only comment on my experience looking for a static caravan :
Site fees (£4000-£5000+) exclusive of rates and utilities, seem to be very similar over the area we were looking at. The large commercial sites can charge the same as smaller sites because they make revenue from the fees for activities, food outlets and bars.The smaller ones , however, don't usually allow letting out, restricting occupation to friends and relatives (no sneaking in paying customers as the regular users will recognize other residents.
There is a closed season of 6 weeks or so, to meet the no permanent residence ruling. During this time ,some sites allow access for maintenance etc ,but others close completely.
If you let out, you have to clean between lets or pay someone (£25 -£30) to do the job for you, so this costs travel expenses and time or more money.
Regulations vary, but some sites insist that a caravan is no more than x years old, after which time you have to sell to them,for a pittance, sell elsewhere with the cost of removal by road or sell privately on site , which will incur a fee typically of 15-20% of the price, to go to the site owners.
In one case, the site charges £500 a year more rent to those who buy a caravan privately instead of from the site.0 -
Also, holiday letting isnt morally corrupt0
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there is a dedicated forum specifically for holiday lets, you'll get much better info from there:
http://www.laymyhat.com0 -
disagree, holiday letting is infinitely worse.It's at least as morally dubious as any other form of Borrow To Leech.
it means the property is not available for use by a "normal" family as their home. At least a BTL is in use as a home, not vacant most of the time
it means the property is (typically) purchased by outsiders who are considerably richer than locals so drive up prices and thus force out the younger generation of locals
ask any (?) Cornish person0 -
disagree, holiday letting is infinitely worse.
it means the property is not available for use by a "normal" family as their home. At least a BTL is in use as a home, not vacant most of the time
it means the property is (typically) purchased by outsiders who are considerably richer than locals so drive up prices and thus force out the younger generation of locals
Caravans or chalets , on a holiday site, would not cause this problem, as they have to have a period of closure, so that they can't be full time homes. Some sites even have a clause preventing a group of residents staying for more than a stated consecutive number of weeks.0 -
Out of interest I looked at prices for the Cotswold Water Park and the answer is that the prices are eye watering and the annual charges extortionate. Definitely only for the extremely affluent.0
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disagree, holiday letting is infinitely worse.
it means the property is not available for use by a "normal" family as their home. At least a BTL is in use as a home, not vacant most of the time
it means the property is (typically) purchased by outsiders who are considerably richer than locals so drive up prices and thus force out the younger generation of locals
ask any (?) Cornish person
You may be right to a small extent, but this doesnt have an effect on prices anywhere near as much as the buy to let cartel...0
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