Navigating the New Rules Around Holiday Lets

Holiday and short-term letting has been a popular option for property owners looking to generate an income from second homes and investment properties. Whilst it’s always been somewhat labour intensive, the returns have often been worth the hassle. But is that about to change and is a conventional let now your best option?

Tenterden and the nearby villages have an array of magnificent homes and remain a popular destination for holiday makers and visitors from afar. The residential letting market is as strong as ever and offers a solid alternative to holiday and short terms lets.

In the ever-evolving landscape of property ownership and rental regulations, landlords in the UK face a new set of rules governing holiday lets. These changes, though designed to address various concerns, have left many property owners contemplating the most viable way to maximise their investments. In light of recent developments, conventional letting is emerging as a compelling alternative.

The government have recently introduced several measures aimed at regulating the holiday let sector. Key among these is the requirement for holiday lets to meet specific criteria to qualify for business rates rather than council tax. Additionally, changes in planning regulations now restrict the conversion of properties into short-term holiday lets in certain areas, especially where there is a shortage of long-term housing.

These rules reflect a broader effort to balance the economic benefits of holiday lets with the need for sustainable housing solutions, particularly in regions where housing availability is limited. While these regulations aim to create a fair and balanced rental market, they have significant implications for property owners, particularly those who have traditionally relied on holiday lets for income.

In light of these regulatory changes, owners are returning to traditional methods of letting their property. Below are some of the main benefits of a traditional let compared to holiday and short term letting:

Stability and Consistency

Unlike holiday lets, which are subject to seasonal fluctuations and unpredictable demand, conventional letting offers a more stable and consistent rental income. With long-term tenancies, landlords can enjoy reliable cash flow without the peaks and troughs associated with holiday rentals.

Reduced Operational Complexity

Managing a holiday let involves a myriad of tasks, including marketing, guest communication, cleaning, managing turnarounds and property maintenance. In contrast, conventional letting typically requires less hands-on involvement, making it a more straightforward and less time-consuming option for landlords.

Lower Risk of Vacancy

Whilst holiday lets may experience periods of low occupancy, especially during off-peak seasons, properties rented on a long-term basis are more likely to remain occupied throughout the year. This reduces the risk of vacancy and ensures a steady stream of rental income.

Mitigated Regulatory Risk

The regulatory landscape surrounding holiday lets is evolving rapidly, with new rules and restrictions being introduced regularly. By opting for conventional letting, landlords can mitigate the risk of regulatory changes impacting their investment, as long-term tenancies can be managed by a Letting Agent

Need more info?

While holiday lets have long been a popular choice for property owners seeking to capitalise on the tourism industry, the recent regulatory changes in the UK have prompted many landlords to reassess their rental strategies. Conventional letting now emerges as an attractive alternative, offering stability, consistency, and reduced operational complexity.

For help understanding your options and for a free rental valuation of your property, call Hobbs Parker on 01233 506240

Moya Bowerman

Associate Director and Head of Residential Lettings

Penny Nahome

Lettings Manager

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