Loss of Interest Rate Relief on Buy to Lets – but not for Airbnb Landlords !

Screen Shot 2018-08-17 at 13.24.52

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 02074875262 or email us on enquiries@faradayslondon.com