You can make up to £7,500 a year before you start paying tax.
The only expenses you’ll incur when hosting foreign students are the extra costs of food and maybe a few bills A good way to approach breakfast is to have a decent selection of bread, cereals and juice for students to choose from in the morning. If you’re providing dinner you can reduce your costs by including the student in your family evening meal.
Hosting foreign students in London (bed and breakfast) you can make around £100 a week, (or about £150 with dinner).For example, there foreign students learning English as a foreign language who are usually only here for about six weeks.Lots of language schools run summer programmes for teenage foreign students, although during term time they have students of all ages for varying periods of time.They look for friendly hosts who are interested in learning about other cultures and who can provide a warm welcome and comfortable accommodation to international students. Different organisations will have different requirements for their students so find out what they need from hosts.If you’re hosting teenagers who are doing an exchange, for example, you are likely to be asked to provide all their meals, pick them up from school and more.Universities often run exchange programmes and will need accommodation for students for a term or a semester.If you want to start hosting foreign students then your first port of call is a local language school.You can charge extra for use of the internet or to do laundry, if you’re willing to.Alternatively, including this in the price is a goodwill gesture and will give you more favourable feedback, encouraging the organisation to use you again.Outside London, the going rate for hosting foreign students can vary from about £35 to £80 per week with central locations in bigger cities getting the top prices.The organisation you host for will probably give you an idea of acceptable prices.