Number Taking In a Lodger Almost Doubled Over Past Few Years

The number of people taking in a lodger has almost doubled over the past few years as people look to supplement their income, according to a new study. Research by insurance firm LV= found that the average spare room generated more than £3,000 rental a year, rising to more than £4,000 in London. A survey of 400 UK homeowners revealed that a fifth of lodgers are aged between 36 and 50. Around 2.7 per cent of homeowners rent out a spare room, compared with 1.4 pre cent in 2009, said the report. Read more on the Daily Mail website.