Buying to Let
Buying a holiday caravan/leisure lodge is an investment in holidays rather than an investment in property. However, there are ways to maximise your enjoyment whilst offsetting some of the costs - through renting out your home, for example.
First check with the park to make sure that they allow this and then ask whether they offer the facility to rent out your home for you (usually for a commission). Rental income in the most sought-after parks can be significant in high season. A number of parks offer ‘income promise' or 'guaranteed letting schemes'. For examples of how this works, follow the links below:
- You may need to declare this income and could incur a tax liability
- If you chose to rent through a third party and not through the park, it is advisable to check that the company is reputable.