New Holiday Let controls to start THIS SUMMER - but for the wrong reason

The Property Nomads Podcast

Rob discusses the government's plans to introduce new controls on holiday lets starting from the summer. The aim is to make housing more affordable for local residents, but Rob questions whether these measures will effectively address the issue, highlighting the importance of increasing the supply of housing as a long-term solution to the housing crisis.

KEY TAKEAWAYS

• The government is looking to introduce new controls on holiday lets from this summer to help local people afford housing in their area.
• The proposed controls include seeking permission from the council to turn a home into a short-term let and implementing a mandatory national registration scheme.
• Existing short-term lets will be automatically reclassified, while new ones will require planning permission.
• The government's aim is to address the issue of local affordability, but the ultimate solution lies in building more housing to meet demand.
• Flexibility and a dynamic approach to homeownership are essential, as birthplace does not guarantee the right to own a home in a specific area.

BEST MOMENTS

"The way to solve any housing issue is build more, because the demand for housing is much higher than the supply of housing in this country at the moment."

"Just because you are born in an area or you live in an area, it doesn't give you an automatic right to buy a home in that area."

"The rules won't apply to people renting out their main home for less than 90 nights a year. It doesn't affect hotels, hostels and B&Bs."

"Councils would have the power to require planning permission for properties if they deem that necessary, which probably means they will because councils love the power."

VALUABLE RESOURCES

https://www.bbc.co.uk/news/uk-politics-68335939

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast