Mortgage lenders expect rise in holiday let loans
UK: With the shadow of Brexit impacting on travellers’ wallets and their options, mortgage lenders are expecting to see a rise in holiday let investment. 85 per cent of brokers in the UK are predicting a rise in applications for holiday let loans, with 29 per cent of those expecting that to be significant. Simon […]
How the alternative accommodation sector can thrive in 2020 and beyond
UK: As the last decade draws to a close, Fran Milsom, co-founder and director of Nestor [formerly AirAgents], a hospitality business in the alternative accommodation sector, speaks to ShortTermRentalz and offers his predictions for 2020 and the next decade in the industry. “At the start of the decade, Airbnb was in its infancy and alternative […]
Cornwall retains position as UK’s favourite staycation destination
UK: Property agency Spot Blue International Property has revealed why Cornwall has maintained its position as the UK’s favourite staycation destination. The county’s popularity has been attributed in large part to the expanding domestic holiday home market, the uncertainty over Brexit and improving transport links to the South West of England. In a survey, a […]
Cornelia de Ruiter outlines Homewings’ operator proposition and Brexit impacts
Europe: Homewings co-founder and CEO, Cornelia de Ruiter, speaks to ShortTermRentalz about her company’s operator proposition and the potential impacts that Brexit could have on the business and the interior design space. For more information, visit the Homewings website here.
UK buy-to-let mortgage market adapting to short-term rental market
UK: The growth of Airbnb and other vacation rental sites is forcing change within the buy-to-let mortgage market. A landlord seeking to switch their income model from traditional assured short-hold tenancy (AST) agreement to a vacation rental will be required to remortgage by their lender before they can change the use of their rental property. […]