Acting for Holiday Home Buyers - An Update for Conveyancers

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 to 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:
  • Is a holiday let an assured tenancy?
  • Taxation matters: SDLT (including the 15% rate), CGT and/or income tax, including recent changes
  • Health and safety requirements
• Planning matters, temporal conditions restricting occupation, enforcement notice, new planning use classes and planned licensing scheme in Wales and similar plans for England
• The pitfalls of buying flats, especially for AirBnb sub-lettings
• 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 5th May 2023