Thursday, June 06, 2013

Call to rent out 13 million spare rooms

Research by a flat share website reckons that if every empty spare bedroom was rented out to a lodger it would generate a rent of £69 billion a year.

Easyroommate based its calculations on an estimated 13.9 million empty bedrooms.

The Director of the website, Jonathan Moore, is calling for a rise in the current tax relief of £4250 a year for homeowners renting to lodgers saying - 

"It's been 16 years since the current rent-a-room relief threshold was implemented. Increasing the threshold would tempt more owners onto the market to provide much-needed accommodation to the private rental sector."

The Government must be concerned as to whether Recycling Centres could cope with the flood of junk  if people were to clear out all those spare rooms. 

Plus where would people dump all their ironing?

Landlord insurance - professional rates

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