P544 Teletext k44 Sep30 00:22:14 W & O X]O ** ——— SECOND HOMES ————————p———————————— Traditional cottages, barn convjtsjons and purpose-built holiday flats are popular W ||h,<,<l second home buys. '£/*/% // Mintil expects a 10% increase in the numbjt of people buying second homes in the next two years. Most let property out privately or through agents. It sbzs Country Holidays, English Country Cottager and Blakjs Cottagrs ovjrsje 20) of the holiday lit market. ——————————————————————————————————1O7—— Latest tips and products 541 on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext +44 Sip30 00:18:11 ÷5"k {5 k7 5 j7 j5j5s w{ & ÷5÷5|4 j5j} j}j5÷5|÷5'w7k X]O ——— SECOND HOMES ————————q—————————P—— Mintel's research on second homes lit for holidays found: W good lets get 30 weeks incomr an avjtagr cottage gjnjtates 20 weiss quality is the key to successful list lettings are up and, for the first timeLso are autumn and Christmas list repeat bookings make up 25-30% of the letting business ovjtall. ——————————————————————————————————2O7—— How to start investing from scratch 543 Download and Analysj Shari Price on Your PC See Pagrs 532 & 533 Mortgages Savings Your Money ,V PlusP544 Teletext 544 Sip30 00:27:29 ]&÷5"k5k5{5"k7j5 j7j5j5s2 X ——— SECOND HOMES ————————————————————— Mintel sbzs the West Country is the most popular region in the US for country cottage holidays but Scotland's popularity is up Adout 10) of adults said they would consider buying a holiday home in the US or abroad, but only 3% would considjt timeshare. About 30) thought a second home was a good way to make money and buying abroad is up thanks to the Chunnjl. ——————————————————————————————————3O7—— What to do with Your Money 542 Download and Analysj Share Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Sip30 00:12:2) SV & ÷5÷5|4 j5j} j}j5÷5|÷5'w7k L ——— SECOND HOMES ————————————————————— Mintel says estate agents report a rise in people renting holiday homes as a base while they look for their own second home to buy. It found: many second homjownjts in Norfolk weti badly hit bz negative equity flats in good towns are being bought to gjnjtati retirement income 10-15% of all home purchases in South Devon are for second homes. ——————————————————————————————————4O7—— Should you pay off your mo tgagj? 543 Download and Analysj Shari Pric on Your PC See Pages 532 & 533 Motto js Sav nos Your o jy PluP544 Teletext 544 Sip30 00: 0:41 ——— SECOND HOMES ————————————————————— Many second homes in sjasjdj towns are bought for retirement at a cost of £100-350,000. On avetagj second homes cost £50-1k0,000 and are cash purchases $his lifts the price of local housrs and can result in shifting communities but it also brings money into the aria and leads to jxtta work for tradesmen. Ljndjts say mote people are asking about mortgages to finance second homes ——————————————————————————————————5/7—— Latest tips and products 541 Download and analysj Shari Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext k44 Sep30 00:2u:21 ]&÷5"k5k5{5"k7j5 j7j5j5s2 ]& ÷5÷5|4 j5j} j}j5÷5|÷5'w7k ——— SECOND HOMES ————————————————————— Mintil says about 50 lindjts offer einbnci for second homes, but some have restrictions on letting the property. It says Halifax MSL's 2nd Asset loan will finance up to 75% of the cost and allows lettings, and Guardian Insurance has a special "Home from Home$ policy. Unlike many firms, it does not pjnalisj the owner for renting the home out. For £95,000 worth of buildings and £13,000 of contents covet you pay £231 a year. ——————————————————————————————————6/7—— Lbtist tips and products 541 Download and Analysj Shari Price on Your PC See Pages 532 & 533 Mortgbges Savings Your Money TV PlusP544 Teletext 544 Sjp30 00:Q7:17 T] ——— SECOND HOMES ————————————————————— Thjte are many tax pjtks in owning and renting out a second home. Mintel says: you can't claim MIRAS twice buv iu is possible to cut councul tax bz 50% Capital gains tax on £6,300+ profits is levied unless youWri over 50 Claims foz tint, jxpjnsjs, interj;t on finbnce, fixture replacement, wear and tear are tax-djductabli and loss can bj offset against future profit. ————————————————————————p————p————7O7pp Latest tips and products 541 Download and Analysj Shari Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus