Hello,
I have hit a stumbling block at the very start of my AirBnB journey! My mortgage provider only allows Shorthold Assured Tenancy Lets (i.e. a minimum of 6 months lease). Is this a common problem? What do others do?
I am in the UK.
TIA.
Yes it’s a common problem. My suspicion is most hosts in the UK have never had a conversation with their mortgage provider about Airbnb and therefore aren’t aware they’re in breach. The same goes for most insurers. Leaseholdersin the UK should also get consent but again I suspect most don’t think about it.
Yes, that’s what I wondered also.
I know of a few hosts that list on Airbnb regardless. So far so good.
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I agree with @Zandra most hosts with a mortgage carry on in blissful ignorance.
More importantly, do make sure you have specialist home insurance for short term lets. Don’t rely on Airbnb’s so called host guarantee.
If you Google there’s a few insurance providers in the UK that do this including admiral.
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This is a really common problem, but someone has metioned firms like Copofi.com are looking to help solve the problem.
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Ok thank you. Unfortunately we have not long fixed a 2 year mortgage product so can’t do anything until 2019 now. Thanks for the recommendation, I will look them up.