Lenders Don’t Love Air BnB

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Mortgage lenders are unhappy about borrowers letting all or part of their home on Airbnb and some say that anyone who does is in breach of the terms of their mortgage. For example, Lloyds, Britain’s largest mortgage provider, allows its customers to let their main home on Airbnb without permission as long as it is for no more than 16 weeks in a year. Nationwide has gone further and said that it does not allow Airbnb lettings if it is the borrower’s only residence. Also, it will not approve buy-to-let mortgages to borrowers who plan to let a property on a short-term basis.

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