PROPERTY STRATEGIES
FBTLs - FAMILY
These are lets of a whole house or flat to a person, couple or family for them to use as their home. Leases are normally a minimum of 6 or 12 months with tenants typically staying in the propery for several years or more. They are usually let unfurnished so the tenants can set them up the way they want them.
HMO - HOUSES OF MULTIPLE OCCUPATION
These are lets of a whole house or flat to a person, couple or family for them to use as their home. Leases are normally a minimum of 6 or 12 months with tenants typically staying in the propery for several years or more. They are usually let unfurnished so the tenants can set them up the way they want them.
SA - SERVICED ACCOMODATION
SA is often set up in a similar way to a HMO with multiple bedrooms and shared amenities. The obvious difference is that SAs are let by the night with some let for the weekdays to businesses and then for the weekends to tourists or visitors mostly in larger towns or cities. Generally the whole house or flat is let to one booker so may be to a group of workers, friends or a family. They are similar to what people think of as AirBnB but the owner never lives there.
HL - HOLIDAY LETS
These are lets of a whole house or flat to a person, couple or family for them to use as their home whilst on holiday normally for a weeek or just a few days
OWNED OR RENTED
Investors can choose to rent properties to then use as BTL, HMO, SA or HL but this is normally only done in the case of HMO and SA where the numbers can work out well for both owner and renter. The owner can score a double wammy if he lets to someone using his property for SA or HL as he might be able to claim capital allowances and not have any restriction on mortgage interest.
