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Tipton & Coseley launches short-term let loans for landlords using AirBnB

The Tipton & Coseley Building Society will now accept mortgage applications for second homes and holiday lets where borrowers wish to use AirBnB, enabling BTL landlords to rent properties out on shorter and non-fixed-term agreements.

The building society has also introduced additional flexibility on overall income, by taking into consideration holiday let income where there’s a proven track record.

The product, which applicants borrowing up to 75% loan-to-value (LTV) can access, is available on purchase and remortgage. But holidays parks and properties with local ownership restrictions are excluded.


The property can be a second home, or a property let out for short periods. However, only a single second home/holiday let is allowed per applicant.

It must be a single dwelling so multiple occupancy is not accepted and there should be no assured tenancy agreements in place.

Cammy Amaira, director of sales & marketing at Tipton & Coseley Building Society, commented: “After listening to brokers and the marketplace, we can now accept applicants who wish to let their property over a short term, including AirBnB.

“The changing nature of people’s working circumstances for example, means that some tenants require shorter or more flexible rental periods. It therefore makes sense to accommodate landlords who wish to attract shorter term tenancies.”

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