Wednesday 28 May 2014 11.32am
From a 2011 document
Using property for „short-term letting‟ is only prohibited in some London Councils
Tower Hamlets, Southwark, Camden, the Royal Borough of Kensington and
Chelsea and Westminster. The other twenty-eight boroughs do not impose
controls on this type of property usage
It also states:
The London Borough of Southwark do not have accessible information on the control of short-term letting.
As mentioned, there are also conditions in most mortgage leases and insurance about sub-letting. If the sublets amount to over (from memory) around 150 nights per year, this is then classed as a business, and you stop paying council tax and have to pay business rates.
As an aside, I love using airBNB to find places to stay when I travel. I get the impression most people generally like staying in homes rather than hotels, so I dont think this emerging market is going away anytime soon. The company is now valued at $10 billion.