“An analysis of our income data shows that the unwavering demand for Britain's staycation market is clearly benefiting owners. Since prior to the pandemic, revenue for property owners has increased by 59%, but our insights suggest location and extra features could boost income potential even higher.”

Sykes Cottages, Holiday Letting Review 2023

 

There are many reasons why people are choosing more and more to stay in the UK for a holiday:

Top reasons for a UK staycation:

 

Save money and protect the planet: Staycations are more affordable and eco-friendly than international travel.

Support local businesses: When you book a staycation, you're keeping your money in the UK.

Avoid travel hassles: No passports, delays, visas, or language barriers to worry about.

Explore your own back garden: The UK has a wealth of hidden gems to discover.

 

How to get the most out of your holiday let property

 

So, if you’re thinking about buying a holiday let property, there are a few things you can do to get the most out of your investment.

 

Choose the right location…

 

The location of your holiday let property is probably the most important factor in determining its success.

Choose a location that’s popular with tourists, is well-maintained (unless you plan to do a full refurb), and in a place that isn’t over-saturated.

 

Market your property effectively

 

Once you have chosen the right location, it is important to market your property effectively.

Use a variety of marketing channels to reach potential guests, such as online listing sites, social media, and word-of-mouth.

 

Provide a high-quality experience

 

Make sure your property is clean, well-maintained, and equipped with all the amenities that guests need.

Good reviews only happen when guests have a positive experience and are more likely to return in the future.

 

Why it's important to seek help from a holiday let mortgage specialist

 

You’ll need a special type of mortgage for short-term rental property.

Work with a holiday let mortgage specialist. They have a deep understanding of the specific variables and criteria involved. They can help you find the right mortgage deal for your needs and budget and guide you through the application process.

Overall, despite everything, there are reasons to be cheerful about the positive UK holiday let market.