One way of making an income from your second property would be letting it out for short or long term lets whilst you are not using it.

Depending on your property’s location, you could see a considerable return on your investment, especially during peak season. Just remember to declare any income to HMRC.

If you do let out your property, it’s first worth considering the additional risks associated with renting out to guests, even if they’re family and friends. Need some more help? We can arrange holiday rental insurance and appropriate liability cover to help protect your home during rental periods.