Lets Process in brief

The Professional Property Management System
Lets Process is a unique management program for landlords, letting agents and local authorities in the UK. For more information please see Lets Process Explained.

Working Hours

Monday - Friday 09:00-17:00
Saturday - Sunday CLOSED

Latest Private Rented Sector News

Top

Quarter of landlords consider short lets but only 3% have done it

Quarter of landlords consider short lets but only 3% have done it

Some 24 per cent of landlords have considered letting out their properties on a short let Airbnb-style basis – but only three per cent have actually done so.


Research by the National Landlords Association – based on a relatively small sample of 494 respondents in the final quarter of last year – suggests that 76 per cent of landlords have not even considered short lets.


The NLA says short-term lets range in length from one night up to around six months, and have increased in popularity enormously in recent years following the success of companies such as Airbnb and HomeAway. 


However, landlords who go down the short lets route can find themselves in breach of mortgage terms and can invalidate their existing insurance policy.


Even so, some parts of the UK appear to be bucking the trend.


Click here to continue reading this article

Share this: