An article previously published by Property Industry Eye was discussed on Radio 4 on Saturday.
The presenter of Any Answers, Chris Mason, made reference to recent press coverage on Property Industry Eye, as part of a discussion about holiday lets and the rental market in Edinburgh.
EYE’s news story – see below – specifically relates to the recent announcement that new planning regulations designed to regulate short-term holiday lets in Scotland are currently being piloted in the Scottish capital. They came into force on 1 April,
Listeners were invited to discuss the regulations that afford the city council the ability to designate ‘short term let control areas’ in hot-spots within the Scottish capital.
The Scottish government will first need to draft further guidance on setting up the control areas, but once published, the city council is likely to consider draft proposals defining the extent of these zones.
If adopted, the control areas will mean that by 2024 any whole residential properties within them that are being used as full-time holiday lets, will need the benefit of planning permission to continue to operate.
You can listen to the discussion on Radio 4 by clicking here.
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Congratulations but you will really know you have made when you get into The Sun!
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The vast majority of short term letting is fraudulent.
I know of no apartment block freeholder that permits such letting.
Very few mortgage lenders permit such short term letting.
Perhaps Councils should concentrate on notifying lenders and freeholders where these fraudulent lettings are occurring.
Lenders will call in loans
Freeholders will repossess for breach of lease.
Very soon all short term letting will have stopped.
Cash rich LL will be more difficult to stop.
But mostly they will all be in breach of their Leasehold conditions.
No point in engaging in such fraudulent letting if a lender or freeholder repossesses.
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