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Categories: guides | buy to let mortgage guides | property investment guides | holiday let guides

Are you investigating your options for increasing the income you make from property? A popular opportunity for landlords and property investors alike is an investment in holiday let mortgages to secure traditional or short term let properties.

It is a different dynamic from long-term tenancies, with a regular turnover of tenants; but lots more flexibility that you can explore to help maximise yields (return on investment) and profitability (income after costs).

We take a look at this property investment opportunity, which we also cover in other holiday let mortgage guides on our website. 

 

Video guide transcript: Holiday lets are great for income and for personal use

“At the moment, landlords are trying to find ways to maximise their yield.

“Have you ever considered that you could look into getting a holiday let or a short-term let property? 

“The reason that this can maximise your yield is because you can charge more, because you can charge per night, and you can also put the prices up when it's peak season. You can get more of an income from it in that way. 

“Tourist areas do keep bookings high, which means it can keep your income high as well. You can also charge for things like cleaning and for pets, which means that you can minimise the risk that comes with having people coming and going all the time and you're not knowing what sort of guests you're going to get.

“You can also change your prices in line with the market, which you can't do on a normal tenancy. That's something that's always good because it's flexible. 

“So, you've got the flexibility and you can increase your yield in that way and another benefit that you can get from it is you can actually stay there. 

“If you find a property that you love in a place you love, then why not maximise your yield from it and also have yourself a little holiday place?

“If this is something that you think you'd want to get involved with, or you need a bit help with, then get in touch we can definitely help you get a mortgage."