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More Homeowners Open Their Doors To Lodgers

April 16, 2018 12:24 pm

Not everyone likes the idea of a longer queue for the bathroom in the morning. Yet a growing number of homeowners are enjoying a tax-free income boost by taking in a lodger. Householders can receive up to a threshold of £7,500 per year tax-free from letting out furnished accommodation in your home. This is halved if you share the income with your partner or someone else and you can let out as much of your home as you want. According to the latest figures the number of people renting a spare room has doubled in the past five years. The...

A Hole In Home Insurance Cover That Could Leave Millions Out of Pocket.

April 2, 2018 12:17 pm

A Hole In Home Insurance Cover That Could Leave Millions Out of Pocket. How would you feel if you received a scary letter from an insurance company accusing you of “negligence” and saying you were legally responsible for paying for repairs to your neighbour’s house? That’s what happened to 82-year-old Sabata Picone after water leaked from her property into the house next door. The letter she received said that “you have failed in your common law duty” to prevent damage to someone else’s property and wanted to know how she intended to pay the bill, which could potentially run into...