airbnb Airbnb Mortgages - Is this a sign of things to come for serviced accommodation.

[Martin Evans]

What is everyone's view on airbnb? Where do you see the market heading?

[Martin Evans]

Hey Phil, 

I agree with your point on tax’s but I believe that won’t be the only way the government crack down on Airbnb if it continues to grow at the rate it is right now, for example in Berlin unless somebody is the owner of the Appartement then you can only rent on Airbnb for 90 days of the year due to the lack of housing and that is the way I could see it going in some of the major city’s of the UK.

But of course right now Airbnb is a great opportunity. Especially if you are self managing

[tengreenbricks]

I think once 100% of the mortgage interest is no longer applicable towards mortgage tax relief and is in full swing from 2021, we'll start seeing a rise of AirBnB style properties i.e. advertised by the night. The flexibility will suit more people, than AST's, and eventually we'll see a review on taxation on serviced accommodation to curb growth and filter out the poor accommodation. 

[EvolutionBlogger]

On 7/18/2018 at 12:43 PM, Phil Brown said:

Tipton and Colsey building society has announced it is to give holiday-lets and buy-to-let mortgages to customers wanting to specifically rent the property through Airbnb. 

 

Currently, this is a gap in the market as the number of people renting through Airbnb is on the rise, with few lenders offering this type of let as a condition of their mortgage.

 

The facts: 
- Available to applicants that want a shorter or no fixed term agreements.
- Available for second homes, holiday-lets, and remortgages 
- Maximum LTV is 75%
- In addition to personal earnings, income made from the property will be taken into consideration when looking at overall lending. 

 

Read the full story here: https://bit.ly/2LoSnzB

I have a specialist Airbnb mortgage with Foundation home loans

With my Airbnb properties, the profit is only slightly higher than a normal buy to let. You have to pay all the bills, and there are void periods. The thing I like is that I have a management company that cleans the properties between each stay. This keeps my properties in a really good condition