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  • Short Term Rentals

    Short term lets under scrutiny in London

    The Mayor of London should pull advertisements calling on landlords to stop providing homes for Londoners and move into tourist lets.

    The RLA has added its support to calls for Sadiq Khan to remove the adverts by short-term lettings company Hostmaker from the Transport for London (TfL) network.

    RLA research shows that short-term letting has already had a significant impact on the number of homes to rent available to Londoners and has the potential to push up rents.

    Figures show listings on the short-term lettings site, Airbnb, increased by 60 per cent to 53,000 listings in the capital in the 12 months to 2017 alone and the popularity of these sites shows no sign of abating.

    Laws limit the number of days homes in London can be let on a short-term basis to 90 nights a year to prevent homes being taken from the long-term rental market, with Airbnb making a firm commitment to enforcing these rules.

    However, a recent BBC investigation found Hostmaker was one of a number of companies encouraging people to flout them.


    https://news.rla.org.uk/london-mayor-mus...gLW5SppbLs

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Seems like a bit of an overreaction...perhaps I am missing something.

    If the issue is with this particular operator - then they should first prosecute them in a court of law and then proceed to "ban" their ads legal

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    You don't see a problem with someone who complains vociferously about the problems in the housing market in London whilst one of the organisations he controls is making money from a company that makes the situation worse?

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    You mean we have a hypocritical, duplicitous, disingenuous politician..........
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    you can do short term lets in London for more than 90 days / year - you just need planning permission to do so.

    getting this is between very difficult and impossible though.

    People do get around the 90 day rule by doing 90 days of proper short lets and then doing longer lets of say 3-4 months each, but also on a "short term let" basis - e.g. for people refurbishing their homes, or the very many overseas people on 3-6 month secondments in the City..

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    >People do get around the 90 day rule by doing 90 days of proper short lets and then doing longer lets of say 3-4 months each, but also on a "short term let" basis - e.g. for people refurbishing their homes, or the very many overseas people on 3-6 month secondments in the City..

    That is not "getting around" the rule; that is complying with it.

    Though I am interested how they do a 3-4 month let, which would presumably often be an AST and therefore 6 months.

    ML

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