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In this episode of the podcast, we're talking about financial planning tips on buying a furnished holiday let. Our guest is Zoe, a chartered financial planner.

Zoe starts by defining what we mean by a furnished holiday let. She explains that it's a property in the UK that is furnished, rented out with the intention of making a profit, and meets the occupancy conditions. These conditions include being available to let for 210 days per year and being let out for at least 105 days per year.

Zoe then talks about the tax benefits of owning a furnished holiday let. She explains that you can claim capital allowances, mortgage interest relief, and business rates relief. You can also apportion the profits of the business to the most tax-efficient person, which can be beneficial if one person in the partnership is a higher rate taxpayer.

Zoe also discusses the risks of owning a furnished holiday let. She mentions that it can be more difficult to manage than a traditional buy-to-let property, and there is always the risk of void periods.

Finally, Zoe talks about the financial planning considerations that you need to take into account before buying a furnished holiday let. She recommends working with a financial advisor to make sure that you're making the right decision for your individual circumstances.

Here are some key takeaways from the interview:

• Furnished holiday lets can offer a number of tax benefits, such as capital allowances, mortgage interest relief, and business rates relief.
• However, there are also some risks associated with owning a furnished holiday let, such as the higher level of management required and the risk of void periods.
• It's important to work with a financial advisor before buying a furnished holiday let to make sure that it's the right investment for you.

If you're thinking about buying a furnished holiday let, I encourage you to listen to this episode of the podcast. Zoe provides a wealth of valuable information that can help you make an informed decision. 

In this podcast, Julia de Battista from Hodge Bank, talks to Mark about holiday let mortgages. Jules discusses how Hodge got into holiday let lending, what they have learnt in the time they have been lending, and the quality of property they see in the market. She also shares some amusing tales about unusual or quirky holiday let properties.

Julia also provides valuable insights into the holiday let lending market, and some of the history behind Hodge bank and how they give back to the community. This interview is a great resource for anyone who is considering investing in a holiday let property.

Here are some of the key takeaways:

Holiday let lending is a growing market, and there are now many lenders who offer specialist products.

Lenders will look at a number of factors when assessing a holiday let mortgage application, including the quality of the property, the borrower's financial history, and the rental potential of the property.

Holiday let mortgages can be a good way to generate income and build equity, but they are not without risks. Borrowers should carefully consider their financial situation before investing in a holiday let property.

Overall, this is a informative and entertaining podcast that provides valuable insights into the holiday let lending market.