Metro Bank letting mortgage customers use Airbnb
Metro Bank has announced plans to let its mortgage customers rent their properties through the Airbnb website for 90 days each year without prior approval.
The vast majority of banks and building societies are not happy for the properties to be let without permission and they typically do not allow short term lets.
Trinity Financial regularly receives enquiries from clients who want to their property through short let websites like Airbnb, and we have to explain that there are very few options.
Market Harborough Building Society has a short term let mortgage for homeowners planning to use the site for more than three months. However, Metro Bank's offer is a very welcome addition to the market especially as it is offering such keenly priced rates.
Paul Riseborough, chief commercial officer at Metro Bank, commented: “At Metro, we love what the sharing economy represents and the freedom and collaboration it encourages.
“Our focus is on making our customers’ lives as straightforward and convenient as possible, and we, therefore, hope today’s news will give our customers the reassurance they need to jump in and take advantage of everything the dynamic sharing economy has to offer”.
For help to secure an Airbnb or short let mortgage, call Trinity Financial on 020 7016 0790.