Article Surfing Archive

With the British Summers becoming longer and warmer and people being more environmentally aware of the damage that travelling by airplane can do, holidaying in the UK is enjoying a well deserved revival.

And more and more people are now choosing to take out holiday home mortgages and invest in their own idyllic place in the sun, rather than pay to stay in someone's property once or twice a year.

Certainly, the benefits of buying a holiday property can be huge. First of all, you can have a holiday home as a pure investment, renting it out as much as you can and, hopefully, it will pay for itself. Then five, ten or fifteen years down the line, you can sell it and come away with a nice little profit.

Or, you could use it as an investment property that will eventually become your retirement home, a sort of pension plan if you like.

So, if having your own holiday home appeals to you, then do research your options thoroughly. Finding the right home in the right location can mean the difference between having a fully let property or one that stands empty for much of the year.

Similarly, finding the right borrowing for you among the different holiday home mortgages available is of the utmost importance, so do seek specialist advice from a broker who will know which lender will be best suited to your financial circumstances.

A good broker will be also be able to give general advice on the legal and tax implications of buying a UK holiday property.

So, what else do you need to do when buying a holiday home? Considerations include: the pros and cons of buying in your chosen area; how accessible the property is; what is there to do in and around the local area; what do you anticipate your rental income to be based on similar properties in the same area?

Holiday home mortgages can give you the freedom to own your very own piece of idyll ' now that cannot be bad!