Homeowners, fancy adding to your income on a Tax Free basis? Well you can by availing of the UK Governments Rent a Room Scheme. Rent out a room in your home from Monday to Friday.
Lodgers, cut down on your commute and be clever, use Monday to Friday accommodation in comfortable family home. Read on for the benefits.
Income Benefits for the Homeowner of Renting out a Room
The attraction for the homeowner is simple, they get extra income – which is tax-free if they are an owner-occupier and making use of the Rent a Room Scheme – and they still have the weekends to themselves. They do not need to register as landlords and are not subject to normal landlord legislation so it’s very easy to get started. Simply register with Getdigs HERE for a three-month period and upload the details of the room. No personal information such as phone or email needs to be shared with potential lodgers as all communication is through a secure service (SMS) on the website. This can be a significant boost to household income and the added beauty of this is that the Homeowner can earn up to £7,500 per annum Tax Free under the Governments Rent-a-Room Scheme.
Our website makes it really easy to get a lodger for your spare room. The vetting process used, allows the homeowner to get a really good match for their circumstances. The homeowner can be very specific on their requirements and the software ensures they do not have to divulge any of their own personal details like name, phone number, email address or address until they are happy to do so. It’s easy and intuitive to use and allows you to specify if you want to rent Monday to Friday and have the weekends to yourself – which suits a lot of people.
Benefits of Monday to Friday Accommodation for the Lodger
The advantage for the lodger is a low cost rental option. Being able to use a room during the working week will significantly cut down on commuting and the associated costs and stresses. Having accommodation close to the workplace allows the lodger to focus on job commitments rather than trying to strike a balance between these commitments and the long distance commute. Being able to get the right work-life balance will pay dividends both in career and well being.
The fact that the rental cost is likely to be less than the cost of commuting makes the weekday rental option a win-win situation. Lodgers register for free HERE and have a full featured search and inquiry facility to find the ideal room. Weekday rentals are also a great choice for students, sales agents, contract workers and people on job placement as the rent-a-room option is a much simpler agreement with a homeowner rather than the normal tenancy agreement.
Week-day rentals are growing in popularity in the UK with several sites offering the service in London alone. We at Getdigs believe that this is a great idea which will prove very popular for both homeowners and lodgers. In this economy anything that cuts down on costs while improving quality of life is to be welcomed.
Rent a Room Scheme – Information for Homeowners
The Rent a Room Scheme lets you earn up to £7,500 per year tax-free from letting out a room or rooms in your home. You can let out as much of your home as you want. The tax exemption is automatic if you earn less than £7,500. This means you do not need to do anything.
To get more information on this fantastic facility check out the gov.uk website and the Rent a Room Scheme section.
Getdigs.co.uk is one of the first online room rental company in the UK promoting the weekday rental concept ( commonly referred to as Monday to Friday accommodation ), it is an excellent way to utilize the UK Governments Rent a Room Scheme,. This is the ideal way for people to cut down on their commuting, reduce stress, save money and get more leisure time back into their working week. Weekday rentals are slowly becoming established in the UK and proving popular for both homeowners and lodgers.
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