B&C and Castle Trust Bank to host virtual roundtable on maximising investor opportunities for holiday lets

Bridging & Commercial is set to host its next virtual roundtable, in partnership with Castle Trust Bank.

The interactive event, which is part of a series launched this year, will be held at 11am on 30th March and moderated by Medianett’s managing director, Caron Schreuder.

The topic for this event is ‘Maximising investor opportunities from the boom in staycations – and avoiding the pitfalls’.

Castle Trust Bank’s director of sales Rob Oliver and business development director Scott Apps will be joined by panellists Anthony Rose, director at LDNfinance; Jason Berry, sales director at Crystal Specialist Finance; Phil Gray, managing director at Watts Commercial and Dak Lam, senior associate at Sirius Property Finance.

The discussion will cover what the changes to how people vacation because of the Covid-19 pandemic mean for the holiday let market and how investors can take advantage of our new-found love for domestic travel. 

Key considerations for brokers arranging holiday let finance; intel on specific locations which are ripe for investment; and the impact of recent PD rights are all on the agenda.  

Registration is open and it is free to attend for all professionals working in the sector. 

The panel will be taking questions during the session and attendees are encouraged to get involved. 

The event will also be available to watch after 30th March on B&C.

Commenting ahead of the event, Rob said: “I’m looking forward to discussing the nuances of holiday lets and the different types of opportunities out there for property investors.

“It’s easy to understand the surge in demand for holiday let investments, and it’s more important than ever to work with a lender that can offer specialist experience and support in this area.”

Scott added: “It’s a very exciting time for the staycation market with both increased activity and yields available, there are some excellent opportunities out there as the UK recovers from the pandemic and the fallout of Brexit. 

“We are delighted to be able to support this growing market sector for experienced and first-time landlords alike.”

Phil stated he was delighted to have been invited to take part in the virtual roundtable.

“As both a holiday homeowner and the managing director of a large commercial finance brokerage, it’s a topic close to my heart. 

“Holiday homes are a very different investment to a BTL and its vital that investors get the specialist support and advice from both their broker and lender before adding holiday lets to their portfolio.”

Jason commented: “Short-term finance remains a viable alternative to many traditional ways of raising funds and is particularly useful for those investors wanting to capitalise on the staycation boom.

“At Crystal Specialist Finance, we have observed a rise in demand for second homes or holiday lets and this trend is certainly set to continue during the coming months.”

Anthony echoed Jason’s comment, saying that LDNfinance had also witnessed a “huge uptick” in holiday let enquiries, as clients seek the flexibility of letting out their holiday home out for a profit, as well as being able to reap the benefits of staying there themselves.

“Plus, as lenders have reacted to the increase in holiday let mortgages with improved products and criteria, and with online platforms, such as Airbnb, making the process of letting holiday rentals out a million times easier, it’s no wonder holiday lets pose an attractive proposition,” he added.

Dak said: “We are finding that clients would like to purchase in more rural locations — however there have been struggles with rental coverage and [seasonality] needs to be accounted for.”

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