The Tipton & Coseley Building Society will now accept applications for second homes and holiday lets where borrowers wish to use AirBnB.

The decision will help borrowers to rent properties out on shorter and non-fixed-term agreements.

The building society has also introduced additional flexibility on overall income, by taking into consideration holiday let income where there’s a “proven track record”.

The product is available on purchase and remortgage.

Cammy Amaira, director of sales & marketing for the Tipton & Coseley, said: “After listening to brokers and the marketplace, we can now accept applicants who wish to let their property over a short term, including AirBnB.

“The changing nature of people’s working circumstances for example, means that some tenants require shorter or more flexible rental periods. It therefore makes sense to accommodate landlords who wish to attract shorter term tenancies.”