![]() ![]() ![]() But some might wonder whether a lender would really find out if a mortgage holder had paying guests staying every now and again? Should you just do it anyway and hope for the best? And what if you only want to rent out a room? What the lenders told us Our findings suggest the big winners are likely to be the “property elite”: older homeowners, many well-off, who own their homes outright. It’s the second tax break which will benefit such “landlords”, following on from the increase in the “ rent-a-room” allowance (which allows you to rent a room in your home to a lodger) from £4,250 to £7,500 a year that takes effect from next week. ![]() The popularity of sites such as Airbnb, which enables you to offer paying guests temporary accommodation in your home for short periods, has risen sharply in recent years, and in his March budget the chancellor announced that the first £1,000 of income earned in this way will be tax free from April 2017. ![]()
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