October 5, 2022

Elimination of Covid restrictions having little impact on enquiries for Vacation let merchandise

84% of respondents mentioned that they had obtained extra vacation let inquiries for the reason that onset of the pandemic in 2020 and 48% had even seen extra enquiries since restrictions had been lifted earlier within the 12 months.

As well as, brokers had been requested what the most well-liked areas within the UK for vacation let enquiries had been over the previous 12 months. For 54% of respondents, the South West of England was the most well-liked location, adopted by Cumbria and the Lake District (26%), the South Coast (23%) and East Anglia (14%).

These responses emerged throughout a current Hampshire Belief Financial institution webinar on staycations and vacation let mortgages, which had almost 100 brokers in attendance.

Louisa Sedgwick, Managing Director, Specialist Mortgages at Hampshire Belief Financial institution mentioned, “These findings present there’s nonetheless vital demand for vacation let mortgages. The staycation growth we witnessed throughout the pandemic exhibits little signal of abating within the quick time period.

“The truth that virtually half of brokers participating within the webinar have seen a rise in enquiries since Covid restrictions had been lifted clearly signifies the energy of demand for vacation let mortgages within the UK.”

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