Can I Airbnb my house?
Whether or not you can rent out your house via Airbnb will depend on a few factors.
You should investigate any Restrictive Covenants relating to your property, this is especially important for leasehold properties such as flats. Common covenants mention noise and nuisance and running a business.
A 90 day rule applies to Airbnb’s in London. It means that your property can only be rented for 90 days in any calendar year. To go beyond this you would need to seek permission from the local council.
You will need to approach your mortgage lender and ask them if this is OK. If not, you will probably need to change to a lender that allows Airbnb lets.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.