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Property Owner News - news articles affecting property owners

To buy or not to buy

Purchases of a second home generally fall into one of two categories – a buy-to-let investment where the rental can supplement an income/pension, or a holiday home which can be used as a weekend bolthole or summer holiday residence. Owning a second home is a more achievable life goal in Britain than it ever was before. Low interest rates and the availability of buy-to-let mortgages has meant more and more people are investing in a second home.

Perhaps unsurprisingly London does have the largest concentration of second homes in the UK – the vast majority for work related purposes, while the country’s coastal counties remain the most popular for second home buyers looking for a holiday home.

The last census data revealed that s .....

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