We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
holiday buy to let
schoolteacher
Posts: 1 Newbie
I'm thinking of buying a holiday property with a view to letting through an agency who will take 15% of the rental income. We will use the property ourselves too. Is this a good investment? Where could I look up information on this subject? Has anyone got any advice from past experience?
0
Comments
-
Whether it is a good investment depends on what you're spending on it, how much you will use it yourself and the return you will make on letting it out.
It's impossible to say what is a good investment without an idea of the return compared against your own usage and how much value that holds for you.
IIRC, they was something around stopping tax relief on holiday homes so it would be worth looking at your tax liabilities as well.Everything that is supposed to be in heaven is already here on earth.
0 -
Is this a good investment?
Competition, competition, competition.0 -
Doozergirl wrote: »Whether it is a good investment depends on what you're spending on it, how much you will use it yourself and the return you will make on letting it out.
It's impossible to say what is a good investment without an idea of the return compared against your own usage and how much value that holds for you.
IIRC, they was something around stopping tax relief on holiday homes so it would be worth looking at your tax liabilities as well.
Wasn't this reversed in the recent budget? I could be wrong as it doesn't effect me although I think a holiday let may be a possibility in the future at some stageChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
It's the management from a distance that puts us off at the moment, however a move to Devon is a possibility in the future at which point we will look at this again.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
-
Given the fact you need to ask such a question in here means that this for you at least will not be a good investment..
Not trying to be rude far from it but the world is full of sharks that will try and take your money from you, look at the market property values are beginning to reset to the average.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards