After various property organisations reporting on the phenomenon of so-called accidental private landlords in recent months, new research has revealed that lodgers are becoming a popular source of income for many households.

Financial services provider Abbey has published a study that shows Londoners are the most likely homeowners to open up a spare room for a lodger, while the number of people renting out rooms has grown 152 per cent since July last year.

These findings come after groups such as the Association of Residential Letting Agents reported that the recent downturn in the property sales market has led many people in the UK to draw up tenancy agreements and let out their homes.

Abbey's research found that 981,000 people across the country now have lodgers, and director of Alliance &Leicester Mortgages Nici Audhlam-Gardiner believes there is money to be made.

"If you have a spare room that's gathering dust, it's worth considering a lodger and earning [an average figure of] £4,716 a year,"she explained.

Written by Claire Doyle
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