The UK’s first no-strings mortgage for Airbnb holiday lets has been launched, opening up the short-term lets platform to a much wider pool of potential landlords.West Midlands lender The Tipton & Coseley Building Society says its new two-year discount rate mortgage for holiday lets can be taken out by borrowers looking specifically to rent their properties out via the short-term lets platform.The building society says that, unlike other lenders, it sets no limit on the number of weeks a borrower can rent their property out via Airbnb and that whole-property rentals are allowed too.Despite hostility from within the financial industry, some lenders have been enabling borrowers to rent out their properties via Airbnb but have placed restrictions on how they rent them out and how long for.Rental difficultiesBut even if borrowers can now get mortgages for Airbnb properties, it’s not always that easy to rent them out.Edinburgh flat owner Nicola Golden yesterday launched a crowd-funding campaign to raise £112,000 in order to take City of Edinburgh council to court. The dispute is over an enforcement notice the council has issued against her property, banning her from renting it out via short-term let platforms.The council alleges that the property is ‘solely’ being used for this kind of rental – something Golden disputes – and also that guests have been disturbing local residents in the apartment building.She bought the property in 1996, lived in it for three years and then rented it out using a traditional long-term contract via a letting agent before starting renting it out via Airbnb last year.“If I was running a party flat, if I was disrespectful to my community, if my guests disrupted the local life, or if I was running a 24/7 365 day a year hotel with no attention to health and safety or noise disturbance then maybe my property would need to be reviewed – but the evidence clearly shows that I am not,” she told The Scotsman.Rentals in Scotland via platforms such as Airbnb are worth £723 million a year, according to the Association of Scotland’s Self-Caterers.nicola golden airbnb tipton and coseley August 23, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Number of Airbnb landlords set to increase as lender offers first no-strings mortgage previous nextHousing MarketNumber of Airbnb landlords set to increase as lender offers first no-strings mortgageA West Midlands building society is offering borrowers two and five-year fixed deals specifically for holiday let Airbnb properties, it has been revealed.Nigel Lewis23rd August 201802,464 Views
Press Association Chris Brunt’s deep cross found Brown Ideye and the striker managed to nod the ball back for Gardner to hook in to the corner, via a deflection off Wes Morgan. The Foxes felt the ball had gone out before Brunt crossed but their protests went ignored. But three minutes before the break the Foxes should have levelled when Ulloa – without a goal in his last nine games – missed a fine chance. Albrighton’s cross was flicked on by Nugent for Ulloa and, under pressure, he blazed over from six yards. The Baggies had been second best since taking the lead and they continued to struggle to create after the break. Saido Berahino failed to pick out Gardner in space during a brief dangerous spell but there was little to concern the Foxes. Leicester looked the more dangerous but, as so often this season, struggled to turn their efforts into chances and goals. Mahrez fired a free-kick over with 18 minutes left with their first serious chance of the second half. But they kept pressing and levelled with 10 minutes remaining. Nugent hooked a deep ball back into the box with the Foxes queuing up at the far post and Marcin Wasilewski’s header found Huth to nod in, with Dawson helping the ball into the net. And Vardy clinched a priceless win in injury time when he outmuscled Gareth McAuley on the halfway line, arrowed towards goal and buried an unstoppable low finish past Myhill from 12 yards. The striker ran from the halfway line before burying a drive into the corner to close the gap to safety to just three points. It clinched back-to-back Barclays Premier League wins for the Foxes for the first time since September but they remain bottom with seven games left. Robert Huth’s late header had made it 2-2 after Darren Fletcher and Craig Gardner scored for Albion, while David Nugent levelled in the first half before the Foxes’ late show. The Baggies, playing in a special replica kit from the 1968 FA Cup final as they paid tribute to former striker Jeff Astle to help launch a foundation in the late striker’s name, are seven points above the bottom three. Craig Dawson returned from suspension for Chris Baird while Claudio Yacob replaced the benched Stephane Sessegnon. Marc Albrighton was recalled for Leicester, in place of Riyad Mahrez who dropped to the bench at The Hawthorns. The Baggies began well and Joleon Lescott had already headed a corner over before another brought the hosts’ opener after eight minutes. Brunt’s delivery was met by Fletcher seven yards out and his glancing effort flashed past Kasper Schmeichel, with goal-line technology awarding the goal after Esteban Cambiasso failed to clear in time. But the midfielder played his part in the Foxes’ leveller on 20 minutes when his deep free-kick was nodded down by Leonardo Ulloa for Nugent to steal in and prod under Boaz Myhill from seven yards. The striker scuffed wide from 18 yards four minutes later but the Baggies regained the lead on 26 minutes through Gardner’s second goal of the season. Jamie Vardy’s stunning injury-time winner handed Leicester a vital survival lifeline after a 3-2 victory at West Brom.