Lots of lodgers

LV insurance have released figures indicating that the number of households with lodgers has risen by 15 per cent during the past three years.

210,000 households now said to have lodgers, which reaches the same levels as in the 1960s.

UK austerity measures might also bring a return of the outside privvy and bed sharing.

Free tenancy agreements

More households take in lodgers

The number of households looking to take in a lodgers rose by 27% in the first two weeks of the year according to a new survey conducted by spareroom.co.uk.

Many households look to ease debt by taking advantage of the Government’s Rent a Room scheme that allows households to earn up to £4,250 a year tax-free.

If predicted interest rate rises materialise these figures could continue to increase as over burdened households look to make their properties pay.

Read more in the Telegraph

Landlord insurance quotes