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Metro Bank gives homeowners green light for Airbnb rentals

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  • 17/11/2016
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Metro Bank gives homeowners green light for Airbnb rentals
Metro Bank is allowing its residential mortgage customers to rent their properties through Airbnb, and similar sites, for up to 90 days a year without prior approval.

Paul Riseborough, chief commercial officer, said Metro Bank believed in what the sharing economy represented and the freedom and collaboration it encouraged.

“Our focus is on making our customers’ lives as straightforward and convenient as possible and we therefore hope today’s news will give our customers the reassurance they need to jump in and take advantage of everything the dynamic sharing economy has to offer,” he said.

James McClure, general manger at UK & Ireland Airbnb, said: “The way people use their homes is changing and this is an exciting step change from one of the UK’s most innovative banks. We hope this triggers further support from the mortgage industry as we work together to provide real economic benefits for people and neighbourhoods.”

Metro Bank has a track record of challenging industry norms, offering finance through a peer-to-peer lender with its Zopa alliance and enabling customers to link their business accounts directly to Xero to manage their finances.

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