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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK lender trials ban on new holiday let mortgages for tourist hotspots

Leeds Yorkshire Norfolk
ruins of abbey in distance, harbour in foreground
Whitby Abbey, Yorkshire, at sunrise. Campaigners want to improve the situation for residents struggling to buy. Photograph: Danny Lawson/PA

A leading building society is trialling a ban on new holiday-let mortgages in some popular tourist destinations.

Campaigners say the move by Leeds building society could improve the situation for local residents currently struggling to buy or rent in parts of Norfolk and Yorkshire that have seen a surge in the number of properties turned into holiday rentals.

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