The boom in domestic holidays has fuelled a surge in
demand for mortgages for UK holiday rental homes as landlords and investors
cash in on people taking breaks in Britain. The number of “holiday let”
mortgage deals on the market has more than doubled in a year, reflecting what
one mortgage broker said had been “really incredible interest” this year. Its
findings coincided with an analysis of government figures by the real estate
adviser firm Altus Group that showed more than 11,000 second home owners in
England had “flipped” their properties to become holiday lets since the start
of the pandemic in order to capitalise on the booming market. Read more on the
Guardian website.
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