Second Homes
If you're looking to invest in a second home, forget Sangria in Spain and frogs legs in France; it's time to look a little closer to home.
The market for second properties in Britain is booming. We have twice as many holiday homes in the UK than we do abroad and it's expected to grow into a whopping £53billion industry by 2015*.
Over half** of those who invest in a second home keep it as a buy-to-let property, closely followed by those who want a holiday getaway. Whatever the reason, it's important that you invest well as these bricks and mortar will most likely be your retirement fund.
Holiday Haven
Waking up in the smog of the city, going to bed in an idyllic coastal cottage.a holiday home should be all about rest and relaxation, designed exclusively for your pleasure.
Holiday home hotspots are found dotted along the coast and countryside, mainly in the picturesque counties of Hampshire, Kent, Cornwall and Devon. Prices are rising as demand grows, but with guaranteed time off work at Christmas, Easter and summer, a second home could be a great deal for teachers. If you think you'll visit at the weekends too, choose somewhere that has good transport routes to your primary home; you don't want to turn up on a Friday night more stressed than when you started and dreading the return trip!
Mike Hislop, Marketing Manager at Teachers Building Society said "Buying a second home is becoming an increasingly popular idea. However, there are a number of factors you need to consider when you take out a mortgage. Teachers Building Society has considerable experience in this area and you may wish to give us a call if you're planning a holiday home purchase."
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