Privately rented accommodation with parking beats camping and glamping according to British holiday goers
The majority of UK holiday makers are heading off to holiday lets and hotels this summer, according to research by Hodge.
More people are looking to stay in serviced or privately rented accommodation this summer. While camping or glamping joined houseboats at the bottom of the list as the least popular places to stay.
Almost half of those questioned by Hodge* said they were looking to stay in a hotel for their UK holiday (46%) and a similar amount were looking forward to renting a holiday let (41%).
The most important thing for holidaymakers to secure when booking a trip away was space for parking, with 60% keen to know there’d be a spot for the motor.
The top 10 accommodation ‘must haves’ listed by those planning a break in the UK were:
Emma Graham, business development director of Hodge, said: “As the guidelines around foreign travel continue to fluctuate, it’s possible that UK holidaymakers are starting to demand more back from their homeland holidays as the weeks and months go on.
“The staycation is clearly still as popular as ever, but what appears to be happening is holidaymakers are now looking to get a little more luxury from the accommodation they’re staying in.
“Only 11% of those asked were looking to go camping, and just 3% were keen to go glamping.
“What’s positive about these figures is for those who already own, or are considering investing in, any kind of holiday let accommodation, the market is clearly as robust as ever.
“It’s good news for those who are either looking or able to provide great quality accommodation for use by others as an investment plan.”
For those looking to capitalise on the increase in staycations and own a holiday let property, Hodge offers mortgages which allow customers to borrow up to £1.5m and has a maximum lending age of 95. The company is also happy for the property to be let via Airbnb, which some lenders do not allow, as well as offering up to 90 days occupancy per year by the owners.
According to current guidelines, owners of a holiday let or a portfolio of property lets are able to deduct the cost of a mortgage from any profits before calculating income tax, alongside expenses including council tax, utilities, maintenance, cleaning costs, property management costs and advertising too.
A property must be classified by HM Revenue & Customs (HMRC) as a Furnished Holiday Let, however, to qualify for the tax relief.
More information on Hodge’s Holiday Let products can be found here.
Notes to editors
* The study was conducted by OnePoll between xx and xx of June 2021 and polled 1000 adults. Participants were recruited online and were paid to participate
Attached is a picture of Emma Graham, Business Development Director at Hodge.
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Hodge is an independently owned group of businesses based in Cardiff, offering a range of products and services through its Hodge Bank and Hodge Lifetime brands. Hodge Bank offers a range of personal deposit-taking services to private and commercial clients, as well as lending to commercial clients nationwide. More information can be found on the website www.hodgebank.co.uk.
Hodge Lifetime specialises in later life lending and annuities. More information can be found on the website www.hodgelifetime.co.uk. The Hodge Foundation, a charity supporting the welfare, medical, academic and educational areas own 79% of Hodge.
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