The rental from letting out a spare room gives you cash every week to pay off some of the bills. The HRMC allow you to keep most of what you get from renting a room, –
No. You can choose to take advantage of the Rent a Room scheme, regardless of whether you’re a homeowner or renting your home. However, if you are renting, you should check whether your lease allows you to take in a lodger.
If you’re a mortgage payer it’s best to check whether taking in a lodger is within your mortgage lender’s and insurer’s terms and conditions.
Under the scheme, you can receive up to £ 4,250 a year tax-free if you rent out a furnished room in a residential property.
NEVER accept the quote from your Mortgage Provider without shopping around first
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