View more on these topics

BPF welcomes Airbnb 90-day ban


Airbnb is set to rigidly enforce a ban on its London users renting out their homes for more than 90 days a year without consent.

Airbnb is taking the action to address concerns that some of its users were abusing the system and worsening housing demand in the capital.

The firm will bring in the rule in Spring 2017.

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.”



Metro Bank lets customers use Airbnb for 90 days without prior approval

Metro Bank is now letting its residential mortgage customers rent their properties through Airbnb, and similar sites, for up to 90 days a year without prior approval. The lender says this will help it support the sharing economy. Metro Bank chief commercial officer Paul Riseborough says: “At Metro Bank we love what the sharing economy […]

When will lenders get to grips with short-term lets?

As internet-fuelled short-term letting gains popularity, will lenders get on board with ‘Airbnb mortgages’ or risk having their rules broken by thousands of customers? The Airbnb revolution is upon us, but many brokers say mortgage lenders have yet to get to grips with the rising popularity of internet-fuelled short-term letting. In recent years, many banks […]


How far will mortgage robo-advice go?

While brokers who refuse to go digital will be shunned by consumers, the most successful firms will combine technology with the best of their human skills Ever since the term was coined, ‘robo advice’ has struck fear into the hearts of traditional brokers, who dread being replaced by machines. In practice, the hybrid use of […]


News and expert analysis straight to your inbox

Sign up