A mortgage firm has issued a warning to anyone jumping on the short lets bandwagon to cash in on the Oasis reunion tour.

John Fraser-Tucker of Mojo Mortgages says: “It’s absolutely essential that you check with your mortgage lender that you’re actually able to provide a short-term rental. 

“Not consulting them could put you in breach of your mortgage terms and conditions, and could result in your lender hitting you with a fee or a higher fee. Or in the worst-case scenario, they could demand a full repayment of your home, or the potential for it to be repossessed.

“Many standard mortgage agreements don’t allow for short-term rentals. For example, lenders like Santander, Natwest, HSBC, and Halifax typically prohibit Airbnb rentals on residential mortgages. 

“However, some mortgage lenders such as Metro Bank and Barclays will allow you to let out your home as an Airbnb for up to 90 days per year. This does, however, depend on the terms and conditions of your mortgage. 

“If you’re unsure, speak with your lender. It’s better to be safe than sorry, especially when dealing with such significant sums of money.”

Mojo has analysed Airbnb listings for the locations and dates of the Oasis tour next year.

On average it’s found that the average Cardiff listing has seen a 598% increase, jumping from £158 to £1,103 per night. 

Meanwhile, Manchester, the band’s hometown, follows with a 491% surge, with prices leaping from £151 to £893 per night.