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Making Your Home Earn: Letting, Lodgers and Guaranteed Rent

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Making Your Home Earn: Letting, Lodgers and Guaranteed Rent Property Management & Rentals/ Lettings

Updated October 2026 · Fraser Bond

Homeowners · Income

Earning from your home

Rent a Room£7,500
Fulllet
Guaranteedrent
90-nightrule
In short: You can earn from property in several ways. Letting a whole home gives the most income but brings landlord duties. A lodger can bring in up to £7,500 a year tax-free under Rent a Room relief. Guaranteed rent schemes pay a fixed sum, usually below market rent, with no voids. Short lets earn more per night but in London need planning permission beyond 90 nights a year. Check your mortgage lender's and freeholder's consent before letting.

Frequently asked questions

Do I need permission to let?

Usually from your lender, and freeholder if leasehold.

Is lodger income taxed?

Not up to £7,500 a year under Rent a Room.

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