Is Airbnb a furnished holiday let?
It is possible for an Airbnb property to be a furnished holiday let.
If you own a fully furnished property and let it out for short periods this would be known as a short term let or holiday let. It does not really matter how you obtain the bookings, Airbnb, bookings.com etc, they are all acceptable. If you let it out permanently, to one tenant using an AST, then this is a buy to let.
Furnished holiday lettings enjoy some tax advantages over other types of lets but you have to comply with a few rules first.
The main ones are:
- The property should be in the UK
- Needs to be fully furnished
- Available for let at least 210 days per year
- Must be let for at least 105 days per year
Qualifying for FHL status can open up some attractive tax advantages.
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.