Is Serviced Accommodations Illegal ?

Serviced Accommodation is not illegal, but you do need to make the right people aware, i am going to show you how to launch your serviced accommodation property properly to avoid mistakes and maximise success.

Let Your Mortgage Lender Know

Most lenders will have a clause saying you can only use your property for the use that you mentioned to them when you wanted to borrow the money, for example a residential mortgage you can only live in yourself, a buy to let mortgage you can only rent to a tenant, you will need a short term let mortgage, these are not very common and are normally at higher interest rates and more deposits, but if your lender does find out you could be liable for mortgage fraud.

If your property is Leasehold, let your freeholder know

It is very important to let your freeholder know, some allow it some do not, but if you are found to be letting your property on short term without freeholder consent, the freeholder could force you to sell your property.

If you want to get started in serviced accommodation but not sure where to start, we have plenty of free tools below to take advantage of.

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We want to provide the maximum value for people wanting to explore the world of Airbnb & serviced accommodation, we have many other free tools and resources for you to take advantage of.

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