One of the idiosyncrasies of George Osbourne’s assault on the Buy to Let market, is that Landlords who let their property using the traditional Assured Shorthand Tenancies lose out over Landlords letting on Airbnb. Why ?, because short lets are classed as a business and interest rate relief is still available on borrowings on properties where the landlord uses AIRBNB for holiday letting. Not so traditional letting, as from 2017, the interest rate relief on borrowings for those properties was decreased by 25% and disappears altogether in 2020.
Faradays has over the last 25 years, been letting and managing properties on short lets and even offers landlords a guaranteed rent for longer term contracts with our company.
If you’d like learn more, please don’t hesitate to contact us on 0207 487 5262 or email us on enquiries@faradayslondon.com
0207 487 5262
enquiries@faradayslondon.com
