Until last week, holiday lets offered landlords a small boon amid a relentless squeeze on buy-to-let investments.
While landlords in general have been forced to grapple with rising taxes and dwindling tax reliefs, which eat into their profits, holiday-let owners have benefited from much more generous rules. It’s no surprise, then, that thousands of landlords have been switching their long-term lets to holiday homes in recent years to bolster their profits.
A quarter of landlords who advertise with Sykes Cottages,