Acting for Holiday Home Buyers - Potential Pitfalls

Introduction

This webinar is designed for conveyancers who act on behalf of purchasers of holiday homes which are acquired as an intended second home, for holiday lettings, or both.

It will provide an essential update on the key pitfalls associated with buying such properties.

A major focus will be on the extent of the conveyancer’s retainer with the client, especially in matters pertaining to housing law, landlord and tenant law or taxation issues.

What You Will Learn

This webinar will cover the following:

• How far do you advise the buyer about:
• Whether a holiday let is an assured tenancy
• Taxation traps for your clients, such as SDLT (including the 15% rate), CGT, council tax and income tax
• Health and safety requirements
• The growing complexity of planning laws and licensing schemes pertaining to holiday lets, in both England and Wales
• Covenants that prevent Airbnb-style short term ‘lets’ and the ‘enforcement’ risks inherent in most flat leases
• Holiday let mortgage or holiday home mortgage?
• Key differences between holiday home purchases and buy to let purchases
• The Arnold v Britton service charge trap

This webinar was recorded on 13th August 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.