Don't Get Caught Out Cashing In On Olympic Lets

By Lindsey Last edited 147 months ago
Don't Get Caught Out Cashing In On Olympic Lets

If you're hoping to make the most of your London home by vacating it for a short term let during the Olympics, you'd be wise to check your council's policy on short term lets. BBC London has discovered that not all councils are cool with it:

Some 27 London boroughs said they had no problem with properties being let for short periods and this did not require any planning permission.

But Southwark, Tower Hamlets, Islington, Kensington and Chelsea, Westminster and Camden warned people who let properties for short periods without planning permission could be served with enforcement notices.

With rumours of a two grand a week price tag on one bedroom flats near to Games venues, if you do decide to go ahead, Direct Gov has 'rent a room' tax advice to keep you on the right side of HMRC.

If you've got spare rooms going begging, check out online community Airbnb which already has Olympic listings available. If the only spare room you've got is in your back yard, you can even pimp that out on Camp In My Garden.

Last Updated 28 September 2011