Andrew Milner

Registered with Property118.com
Saturday 22nd November 2014


Latest Comments

Total Number of Property118 Comments: 2

Andrew Milner

17:23 PM, 5th February 2018
About 3 years ago

Holiday Let or Buy to Let?

Agreed - you cannot self manage an FHL remotely without a reliable cleaner and caretaker. We live 150 miles away from ours.... Read More

Andrew Milner

11:03 AM, 5th February 2018
About 3 years ago

Holiday Let or Buy to Let?

We bought a holiday let in Cornwall in 2014, and live In Bristol and do not use an agent, so it is certainly doable. On the funding side I believe there are fewer providers of finance for an FHL, so that may be the first question you need to answer. BTL and FHL are obviously trying to appeal to very different markets, so you need to check out the demand side. FHLs do take a bit more time if you manage it yourself. If you use an agent you probably need to have less input but you will also have less flexibility about when you can use it. We advertise our FHL through Owners Direct and have a local caretaker and cleaner who are both fantastic. Costs are higher than some BTLs because the property is fully furnished, and the fittings need to be of decent quality. We love it because we get free holidays on the dates of our choosing but there is a trade off if you have school age children (like we do) since you can obviously get higher rates in the peak of the summer holiday. The cash flow profile is lumpy but all paid at least a month upfront. Hope this helps... Read More