If you already have a residential mortgage on your home, but you recently decided that you want to let out a room in your home on Airbnb to generate some extra cash or you want to live in the property the majority of the time and only let it out for up to 90 days per year, then you may find that you won’t have to change your mortgage product at all.
As you’re only renting out the property on a short-term basis – e.g. for under 7 days – then there will be no need to change the terms of your mortgage.
It’s still recommended that you contact your lender to ask them about their conditions regarding short term letting of your residential property.
If you’re unsure then speak to one of our advisers on 0808 149 5306 and they can explain your options.