FHL Business - should we get this set up whilst refurbishing
Posted: Mon Jun 14, 2021 2:56 pm
Hi All
We are in the process of purchasing a small cottage in Cornwall with the intention of running it as a holiday let, as well as using ourselves, but it needs quite a lot of refurbishment so will probably not be available for rental until early next year.
From my reading I understand there are advantages to setting up a Furnished Holiday Let business, but should we do this straight away or wait until it's ready?
I'm also not sure whether we should get the specialist holiday let insurance for the property whilst we are refurbishing, or change when it's ready.
Any advice gratefully received!
We are in the process of purchasing a small cottage in Cornwall with the intention of running it as a holiday let, as well as using ourselves, but it needs quite a lot of refurbishment so will probably not be available for rental until early next year.
From my reading I understand there are advantages to setting up a Furnished Holiday Let business, but should we do this straight away or wait until it's ready?
I'm also not sure whether we should get the specialist holiday let insurance for the property whilst we are refurbishing, or change when it's ready.
Any advice gratefully received!