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Talk to me about 2nd homes

1 reply

Comps83 · 01/01/2021 16:09

Currently hoping to sell our house and move soon. Still very undecided about how much of our budget we want to spend
I keep having flights of fancy about buying a cheaper main residence and buying a small flat in a very popular seaside resort we both love and is only about an hours drive from where we want the main residence
I'd buy it in cash so no mortgage
All the ones I've looked at say you can't rent them out
Is this a stupid idea? I do think we would spend most weekends and holidays there

OP posts:
livingthegoodlife · 01/01/2021 21:20

That's because you're looking at flats. Most flats have restrictive covenants to this effect. You need to buy a freehold house to holiday let (most likely, obviously not all flats prevent holiday letting).

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