Let Britain become a second home
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.