Thats interesting Barry as I have heard of the ‘buy to let’ but not of ‘holiday let’ intention, however my research is only just beginning.
I guess another big factor is if British financial institutions will allow the use of realised equity on capital gains to refinance for further investments as they do here in Australia-I can’t imagine any different.
My partner is visiting her family in Wales next month and will do a little more research on financing investments over there and will be sure to explore the holiday let intention you mentioned-thank you.
I will also look forward to any information you discover or contacts you make that are savvy with investing Australians investing in the U.K.
As I mentioned in my previous post that negative gearing on my Aussie income is a major factor on my decision to invest there and it is likely only an Aussie accountant will know the possibility and benefits and/or disadvantages of this.
I was working in the U.K during the GFC and couldn’t believe when I heard interest rates were like 0.5% over there but I sent my money home and bought in Australia.
It would be nice to send it back the other way now our dollar is strong but rates have risen and look to continue to rise so as your friend has done-fixing would seem a smart approach.
Anyhow, all the best with your quest for information…..I look forward to hearing how you go:)