If your kids have flown the coop and you're left with a spare room in your house or flat, why not let it out and make yourself some welcome extra cash?
Letting out your spare rooms is not as complicated as it may first seem and the biggest incentive for homeowners to do so is the Rent a Room Scheme, which allows you to rent out a portion of your home tax free. And it's not just for homeowners! If your landlord allows subletting then you can also benefit from this scheme.
Click the link for more information on the rent a room scheme and don't forget to check out Landlord Advice section for other useful tidbits for first time landlords.
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