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Cornwall tops UK holiday lets profit chart

Cornwall has emerged as the undisputed champion of UK holiday rentals, according to a study.
The findings from Wealth of Geeks found that a Cornish seaside haven raked in a staggering £40 million during last year’s summer season to be crowned as …

Holiday let market feels the squeeze as bookings fall

The staycation boom appears to be over, with holiday let owners across the UK reporting a sharp decline in bookings this year, the Observer reports.
The cost-of-living crisis, poor weather and a saturated market are being blamed for the slump.

10,000 rental homes in London could be lost to short lets

London’s rental market is under threat, warns Propertymark, as landlords look to exploit a deadline and convert their rental properties into short-term lets ahead of new regulations.
That’s because new rules will see new short-term lets hav…

How FHL abolition will impact UK holiday let owners

Landlords and owners operating furnished holiday lettings (FHL) may still be reeling from Chancellor Jeremy Hunt’s announcement in the Budget that tax relief will be abolished from 6 April 2025.
Now tax accountants BDO have revealed what the fina…

Chancellor targets holiday lets in £300m tax crackdown

Chancellor Jeremy Hunt is expected to announce a £300 million tax crackdown on second-home owners who rent out their properties to tourists in the Budget, The Sunday Times reports.
He will scrap a series of tax breaks for landlords who use the furnishe…

Building society restricts holiday let lending in tourist hotspots

A building society has revealed that it has worked with North Norfolk District Council and North Yorkshire Council to launch a 12-month trial aimed at curbing lending for holiday let properties.
The move comes as housing pressures intensify in some re…

Spareroom calls for tax equality for private landlords

Spareroom is criticising the government for failing to address the underlying issues driving landlords to short-term lets.
The government recently announced a crackdown on short-term lets with plans to introduce a national register.
However

Government’s holiday let crackdown ‘not enough’, warns renters’ group

A renters’ group has criticised the government’s plans to curb the growth of short term lets, saying they are insufficient and could backfire.
The Housing Secretary Michael Gove announced yesterday (Monday) that future short term lets would…

Gove unveils new rules to curb short-term lets

The government has announced new rules to restrict short-term lets and give local communities more control over housing.
The changes, unveiled by Secretary of State for Levelling Up Housing and Communities, Michael Gove, will require planning permissio…

Neighbours’ anti-social behaviour parking?

Hello, Can someone help with advice on what we could do with neighbours who refuse to remove their parked cars from in front of their garages, which prevents our use of our garage.
We own a holiday let cottage which is in a block of five properties

Tenants squeezed out in England’s holiday home hotspots

Holiday homes are not only making it harder for homebuyers to buy, but also for tenants to rent in England’s most sought-after holiday destinations, a report reveals.
The findings from Zero Deposit found that the average rent for a holiday home is 292%…

Holiday homeowners trash talk new “bin tax” rules

Owners of holiday lets and second homes in Britain’s most priciest coastal town face new bin and litter rules.
Holiday let owners in Salcombe, Devon have been banned from using litter bins and bottle banks – unless they pay a £350-a-year ‘…

Business Rates review by VOA?

Hello, I have received the form VO6048 from the Valuation Office Agency (VOA) to complete in connection with their review as to whether Business Rates continues to be appropriate for my holiday lets block of 13 flats or whether Council Tax should apply.

Business Rates review by VOA?

Hello, I have received the form VO6048 from the Valuation Office Agency (VOA) to complete in connection with their review as to whether Business Rates continues to be appropriate for my holiday lets block of 13 flats or whether Council Tax should apply.

Holiday homes worth billions in England and Wales

New research reveals there are £21 billion worth of holiday homes in England and Wales.
Letting agents Barrow and Forrester discovered there are 71,140 holiday homes found across England & Wales.
Cornwall ranks as the nation’s holiday home hotspot …

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