With many UK residents planning their domestic vacation, and the high yields driving landlords to invest in these properties, it’s inevitable that holiday lets will stick around as a popular topic of discussion in our sector.
Even more so after Michael Gove launched a consultation this April on introducing a planning permission requirement for converting properties into holiday lets, to limit the impact these are having on the wider property market.
This, on top of Wales’ new holiday let regulation that came into force in April — which changed the criteria for a holiday let property to qualify for business rates — it seems fitting to dedicate our cover story to this evolving space. Using the help of seven experts in the BTL industry, we took an in-depth look at the current state of this market and whether the changes on the horizon will be the ones to burst the holiday let bubble. The Summer Issue also delves into the topic of HMOs — yet another popular investment choice for landlords — and what the biggest misconceptions are about financing these types of properties.
Of course, it wouldn’t be a specialist let-dedicated issue without an in-depth analysis of BTR, a market that has seen significant growth in the UK over the past few years. As the rental demand ramps up due to the lack of available homes, our analysis aims to answer a burning question: can BTR help solve the current rental crisis?
With some hard-hitting, insightful features, together with exclusive interviews with some of the top experts in the BTL industry — including Paragon Bank’s new commercial director for mortgages Louisa Sedgwick, MT Finance’s head of lending for BTL Marylen Edwards, and Hallcroft Finance’s new private finance division director Andrew Hardcastle, this issue is sure to bring you the best informed content you need — whether that’s at home, or on a sunny beach.
