Let Bri­tain be­come a sec­ond home

The Daily Telegraph - Property - - Front Page -

the lively ex­pat com­mu­nity. They are also fi­nan­cially bet­ter off there as they ben­e­fit from non-ha­bit­ual res­i­dency, which means they don’t have to pay tax on in­come for 10 years.

“We are in­vest­ing in our fu­ture,” adds David. “We think the £600 a month ser­vice charges are a price worth pay­ing for our lifestyle.”

An­other plus for such a bolt-hole is that it adds an­other layer of safety if no one is at home for some time. “Many of our home buy­ers pur­chase a house or apart­ment with a view to ‘lock­ing up and leav­ing’,” says An­gela South, Beechcroft’s sales and mar­ket­ing di­rec­tor. “In fact, al­most 10 per cent cite this as one of their rea­sons ea­sons for buy­ing. Some just en­joy trav­el­ling, vel­ling, but many have owned hol­i­day y prop­er­ties for a num­ber of years or have fam­ily abroad.

“The av­er­age amount ount of time these lock-up-and-leave buy­ers uy­ers spend away from their main home me each trip is about 12 weeks.”

Many house­hold in­sur­ance poli­cies do not cover homes mes that are left va­cant for a cer­tain time. ime. “But at a Beechcroft de­vel­op­ment, vel­op­ment, where the estate man­ager checks on the property erty reg­u­larly, the in­sur­ance nce re­mains valid and this his is a huge ben­e­fit to our ur cus­tomers,” says South.

David and Carol Noyce spend five months of the year at a friend’s villa a on a de­vel­op­ment with a shared pool in Cyprus.

When they’re in the UK, they live at Re­tire­ment tire­ment Vil­lages’ Lime Tree e Vil­lage in Rugby, which helps ps main­tain the homes and has se­cu­rity pa­trolling.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.