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Advice on London Holiday Lets

 
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Jes



Joined: 23 Jan 2017
Posts: 2

PostPosted: Mon Jan 23, 2017 11:35 pm    Post subject: Advice on London Holiday Lets Reply with quote

We currently have a holiday let in Wells next to the Sea in Norfolk. We do not use an agent and get plenty of bookings through our own website and advertising platforms. We would like to buy an apartment in London as a holiday let and need some advice on how to market the property. We are looking at a riverside property at Wapping with the intention of attracting holiday makers with the view and good transport links, also possible business stays for Canary Wharf.
Any advice for running a successful holiday let in London would be gratefully received.
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Nemo



Joined: 14 Aug 2008
Posts: 7004
Location: Norfolk

PostPosted: Tue Jan 24, 2017 10:28 am    Post subject: Reply with quote

Check the lease! You can't assume that you will be allowed to use it for holiday letting and many, many leases specifically prohibit it. That's the golden rule for the most expensive mistake you could otherwise make. Wink
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Giraffe



Joined: 26 Jun 2016
Posts: 309
Location: Cornwall, England

PostPosted: Tue Jan 24, 2017 11:41 am    Post subject: Reply with quote

Also, check out what individual London councils' views might be on short term holiday letting. Some are rising up against Airbnb which might have ramifications for others.
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Giraffe



Joined: 26 Jun 2016
Posts: 309
Location: Cornwall, England

PostPosted: Tue Jan 24, 2017 12:05 pm    Post subject: Reply with quote

Hello again Jes. I was intrigued and did some googling. It seems that there is London legislation that requires you to have planning permission if you want to holiday let for more than 90 days per year. Until recently councils did not seriously enforce this. But the fall out from Airbnb lettings on local residents has kicked a number of them into action.
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gardenboy



Joined: 02 Jul 2011
Posts: 224

PostPosted: Sat Jan 28, 2017 10:53 pm    Post subject: Reply with quote

I own rental property in london but long term ast type stuff, if i switched to holiday rental it would deprive the already tight market of a home. Also as said above the lease prohibits holiday letting.

You can do serviced lets, you contract with the provider and they let to companies on a weekly basis.
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