The Telegraph - Why the middle classes are saying goodbye to the home office
Brokers have said they have seen a rise in interest around the Government’s Rent a Room Scheme, which lets homeowners earn up to £7,500 a year tax-free from.
Homeowners likely to resort to alternative methods to offset soaring repayments.
Aaron Strutt, of broker Trinity Financial, said letting out a spare room would be the “logical step” for homeowners struggling to meet payments.
He added: “If you’ve got a spare room and your mortgage payments have gone up, it’s definitely an option.
“Which would you rather: To afford your mortgage and to live with someone else, or to have to downsize?”
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