Sunday, 12 February 2017

Warning for AirBnB hosts in the UK

Renting out your home through AirBnB could be in breach of your mortgage or lease agreement.

Many mortgages do not allow you to sublet your home without your lenders consent.

If you are are a leaseholder, you might also be in breach of your lease.

The risks were highlighted in the Nemcova v Fairfield Rents Ltd Upper Tribunal (Lands Chamber), which found an AirBnB host to be in breach of her lease.

House Saver's advice - The law is still catching up with the sharing economy so take precautions.  Let your mortgage lender know if you are intending to rent out your home through AirBnB.  If you are a leaseholder, also make sure that check the terms of your lease.