DanAronG
Joined: 17 Oct 2008
Posts: 103
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| Posted: Fri Aug 14, 2009 8:53 am Post subject: Many homeowners taking in lodgers |
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According to data from Abbey mortgages, the number of homeowners taking in a lodger to help pay the bills has increased considerably since the credit crunch began.
In the last 12 months, the number of homeowners renting out a room has tripled.
Under the governments "rent a room scheme", either a homeowner or tenant (check with your landlord first) is allowed to rent out a furnished room and receive up to £4,250 a year in rent tax free.
This is a great incentive for anyone who is struggling with mortgage payments and who also has a spare room available in their home. Abbey's research also estimated that there are potentially 16 million unused rooms in British households. |
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