More homeowners offer room to lodgers

More homeowners offer room to lodgers

The number of homeowners letting out a room to a lodger has almost tripled in the last year, research from Abbey Mortgages has discovered.

Nearly one million UK households now include a lodger as homeowners seek to increase their income during the recession.

UK homeowners could potentially earn over A?6 billion by letting out unused rooms, Abbey said.

London is the most popular location for letting out rooms to a lodger, with 6% of homes having a spare room rented out.

Offering space for a lodger is least popular in Northern Ireland and Scotland, where just one in 100 homes has taken in a tenant.

A significant proportion of homeowners offering space to a lodger are between 25 and 34 years old, with this age group making up a third of new live in landlords, separate research by Spareroom.co.uk found.

Nici Audhlam-Gardiner, director of Alliance & Leicester Mortgages, said: “If you have a spare room that’s gathering dust, its worth considering a lodger and earning A?4,716 a year.

“Not only will you have some extra money each month but most of it could be tax-free too.”

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