Paymentshield has sounded a warning to wannabe landlords looking to profit from the London Olympics.

After recent claims that one in three homeowners are considering letting out some or all of their property for the huge sporting event, Paymentshield is urging them to check their insurance policies before its too late.

Antony Osborne, head of product at Paymentshield said: “Renting out your home could be an easy way to make some money this summer