X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Holiday Lets

    Brexit good news for UK holiday lets?



    A recent article in the Times talked about how Brexit is affecting the tourism industry and the choices people are making about holidays.

    Holiday bookings are apparently down 6% year-on-year since the start of January (during the peak booking period).

    “Consumers are very nervous,” the industry's leading analyst told the Times.

    Holidaymakers are shelving their holiday plans or delaying bookings amid concern that the UK will crash out of the European Union without a deal.

    The demise of the airline FlyBMI has also caused the jitters that other airlines may collapse over Brexit fall out.

    However, mostly all of the above applies to overseas holidays, so I am wondering if this will mean that people will choose to holiday at home?

    Our own holiday let bookings are a little slower than this time last year, but are trickling in and I am not unduly worried at the time of writing.

    I've also seen some new holiday let mortgages coming to the market, and there seems an increasing appetite from lenders for this type of product, which I regard as a positive sign.

    I was wondering what other holiday let owners are experiencing in terms of bookings and if the Brexit blues are affecting your business?

    SEE ALSO  -          Guide to sourcing & setting up a holiday let

    UP NEXT -               Holiday let - every portfolio should have one

    DON'T MISS -          My First Holiday Let Journey

    NOW WATCH:

    0
    0

    With the Brexit uncertainty I think we'll see more people holidaying in the UK this year, but I think we'll see people booking later too, lets hope we get the weather this summer as always if we get the weather there's know where better to holiday and if there's ever been a time to support our tourism economy this year has to be it.

    0
    0

    Whilst still early, bookings appear to be slower this year for my holiday let in Portugal.

    Suspect UK holidaymakers are sensibly waiting for more clarity around Brexit before booking.

    0
    0

    Pete

    The Astute Landlord

    We are seeing a very unusual pattern of many short stays  (3-10 days) by mainland Europeans from many EU countries, in our several studios in Bristol. Most before 29th March. Grabbing the chance before passports or visas needed or Uk floats off into mid-Atlantic obscurity, or before the pound strengthens?

    0
    0

    HOLIDAY LET MORTGAGES AND NOW SPECIFICALLY 'AIRBNB' MORTGAGES ARE AVAILABLE FROM LEEDS BUILDING SOCIETY VIA UPDATED POLICY CRITERIA.

    Yesterday we were informed that another lender, Leeds BS, has formally agreed to add 'Airbnb' style lending to their proposition for properties that are not the 'usual' 6 month AST tenancy arrangement.  Until now this had not been formalised.

    The holiday / short term let rental strategy in growing in popularity and - via Property Tribes Financial Services -  the correct mortgage arrangements can be secured.

    Call the Team anytime on 01206 654444 or email advice@ptfs.co.uk anytime for further details.

    0
    0

    FOR INDEPENDENT MORTGAGE AND INSURANCE ADVICE

    PROPERTY TRIBES FINANCIAL SERVICES

    http://www.propertytribesfinancialservices.com

    http://www.propertytribesfinancialservic...contact-us

    CONTACT US FOR LIFE INSURANCE QUOTES AND STRATEGIES.  PORTFOLIO MORTGAGES (VARYING TERMS) COVERED

    http://www.propertytribesfinancialservi...statement/


    I believe that this is a temporary phenomenon. Soon everyone will dream to come and see how it became cool in the UK.

    0
    0

    I've got 16 weeks booked in our holiday let this year so far, all off-peak or shoulder weeks.  I think people are definitely hedging their bets regarding their main summer holiday. 

    0
    0

    Faint heart never won fair holiday let...

    Hi Caroline,

    Thanks for sharing the view from your business.  Just wanted to say I like your avatar with your dog!  My new avatar is me with my cat.  I think we might be starting a trend. Smile

    0
    0

    Ha, that was a rare picture, he's a working sheepdog and he doesn't normally do cuddles!  (That said, he's flat on his back on the sofa with all four legs in the air at the moment...)

    We're doing the renovations on holiday let number 2 at the moment, hoping to get it launched in June, but then I think we're going to take a pause ourselves and see what the market does post-Brexit (although there's a very pretty pair of seafront cottages I have my eye on that I may not be able to resist if they don't sell soon!)

    0
    0

    Faint heart never won fair holiday let...

    Brexit uncertainty could lead to more Britons holidaying in the UK, strengthening demand for holiday let rental homes.

    That is according to specialist buy-to-let mortgage broker Commercial Trust Limited, which suggested that this is a possibility in 2019.

    The scenario comes from the present state of the buy-to-let market, coupled with uncertainty over what the outcome of Brexit could mean for passport control.

    Full/source article

    0
    0

    This is the real reason of why British holiday lets will enjoy bumper occupancy in 2019 and beyond ... 

    British tourists will be banned from taking their beloved UK delicacies such as Cornish pasties, pork pies and even cheddar cheese on holiday to the EU after a no deal-Brexit, Brussels warned today.

    Full/source article

    0
    0