The Mortgage Brain logo
Call us on 0333 340 8888

Airbnb News on London Home Rentals

Wednesday, December 07, 2016 9:23:00 AM

Airbnb is set to rigidly enforce a ban home owners in London renting out their homes for more than 90 days a year without permission.

Airbnb has taken this decision to address concerns that some of its users were abusing the system and damaging housing demand.

Airbnb is a peer-to-peer online market place that allows people to list and/or rent their residential properties allowing people to stay at the property at a rate agreed by the property owner.

British Property Federation director of policy Ian Fletcher says: "We are delighted to see this announcement, which is something we and many others have been calling for".

"Airbnb's co-operation in enforcing the 90-day rule is the missing link in ensuring that planning law is abided by in the capital. The company has made a very sensible decision that it should assist in that and in so doing follow good corporate practice, rather than face persistent PR damage".

"Airbnb provides an excellent platform for Londoners seeking to let out their homes temporarily, and the continuation of this has never been at stake. Rather, this change will help curb the increasing number of companies abusing the law and letting London's homes out as permanent hotel rooms."

Airbnb will put the rule into place in Spring 2017.


Contact Us
Request a
Call Back
Mortgage
Calculators
View our
Testimonials
The Mortgage Brain will be exhibiting at the Help to Buy Bristol Roadshow on Saturday 10th March ...
One of The Mortgage Brain values is to invest in the people who come to work for us.  We have ...
We have more good news to share, Ryan Dunne who has only been with us a short while has just ...
The Mortgage Brain will be exhibiting at the Help to Buy Nottingham Roadshow on Saturday 10th ...

Subscribe to our Newsletter: