Renting a room in your home
Taking in a lodger can be a great way to earn some additional monthly income. Through the Government's 'Rent a Room' scheme, homeowners could earn up to £7,500 per year tax-free from letting out furnished accommodation in your home.
For more information on this scheme, please see the GOV UK website.
If you would like further guidance on what is involved with taking in a lodger, case studies, FAQs and a free downloadable guide, please visit the 'Homeowners/Live in Landlords' section of the Spare Room website.