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6th April 2021
Moneyfacts says holiday let deals return as lenders cater to demand
The impact of the lockdown and lack of opportunity for international travel may well have incited consumers to consider staycations and, for those who are able to invest, a holiday let could seem appealing. The latest analysis by Moneyfacts.co.uk reveals a notable rise in the number of buy-to-let options for holiday let over the past six months, during a surge of holiday home sales:
-Mortgage options for borrowers looking at holiday lets have grown by 45% in the past six months and product availability is double that in August 2020.
-Over the past six months, research by Hodge Bank shows a surge in sales of holiday homes near the coast.
-Lenders have returned to the holiday let market, back to levels seen a year ago, but supply of housing overall is failing to keep up with demand. Indeed, according to Rightmove, new listings of properties overall are not satisfying record buyer demand, with available stock down nationally by 25% year-on-year.
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