Monday 24 Nov 2014
There are 128 visitors interested in london property.


car hire in londoncar hire in london
cheap hotel in london
city breaks
hampton court
london bus tours
london city airport
london eye
london hotel
london jobs
london map
london propertylondon property
london restaurants
london sightseeing
london stock exchange
madame tussauds
thames cruises
theatre tickets


I'm searching the UK for... with

News for london property on Monday 24 Nov 2014

Struggling homeowners are sitting on a potential goldmine (upad)

As the new tax year looms, James Davis, founder of online property rental site,, reminds homeowners that they are sitting on a potential goldmine. Renting out a spare room can provide a significant income with the huge additional benefit of £350 per month (£4,250 per year) being tax free.

Davis believes that taking on a flatmate could be the answer for many UK homeowners’ money worries, he comments:

"At a time when many will be struggling to make ends meet, then isn’t this a sensible option? I am sure that most people would rather share an evening meal with a new tenant, than face the prospect of having to take on a second job to pay the bills. And it is also a more pleasant and cost-effective option, bearing in mind additional income from working extra hours is taxed.

“With average weekly spare room rents standing at £100 in London, and £70 in Leeds, homeowners could use the money towards paying the mortgage, saving for essential home improvements, or boosting their monthly income. They may even want to use the additional funds to save for their next home move. And, for first-time buyers, currently unable to get onto the property ladder, this could be the ideal option."

Davis also offers advice for potential landlords keen to take the plunge and rent out a room in their home. This ranges from setting ground rules but remembering that the tenant is also paying to live at the property, to ensuring legal obligations are met. For more information and useful tips, a free advice sheet is available to download from the website.

upad is ‘reinventing renting’; a new free online service that helps renters to find their ideal place to live. Using upad's state-of-the-art technology, renters can, for the first time, search properties by key criteria such as availability of parking, outside space, broadband connectivity, a security alarm or even laundry facilities.

The company says it has the largest choice of homes to rent in the capital (currently 82,000), and will be rolled out across other major UK cities during the second quarter of 2009. Free to renters, upad costs landlords £59 per listing.

For further information: Free advice sheet on renting a room

upad ltd, 104 Tennyson Road
United Kingdom
Telephone 08456 801 394
News Ref:1209

Sponsored Listings

  1. Royal Wharf @ London | |
    Property for sale, 1 BR fr £378K, 10% Down Payment, Hi Rental Yield

  2. London Property - London Property Search Now! |
    London Property Search Now! Property

  3. Find Commercial Property - For Sale. |
    For Sale. All Property Types In the UK!Browse Now in Your Area for Free

  4. London Property | |
    Search all 1, 2, 3, and 4 bedroom properties in London now!

  5. London Property at Amazon - Save now on millions of titles.
    Free UK Delivery on Eligible Orders

  6. London Property - Search for London Property.
    Look Up Quick Results now! Property

  7. Find Property Agents |
    Search for Local Letting Agents From 1000's Across the UK!

  8. Office Space London? - Searching Office Space London?
    Browse London Commercial Property!

  9. Madeleines in London |
    What is the French for tea time?

  10. Property For Sale London - Find Top Christmas Offers!
    Make Big Savings Today

Copyright 2014 E&OE Adsonline.