Sounds like a really great idea, if you get on and it suits you both. We often had lodgers when our children were younger, it helped to pay the bills and was company for me as my husband was often away. Nowadays we have the teachers from overseas school groups who come to learn English, which we enjoy and it raises a little cash (tax-free up to a given level). Each group comes for one or two weeks and we often have the same people from year to year.
Not to put a black cloud over your arrangement, but obviously as time goes by one of you might need care. Are both of you up for this? At what stage would your lodger have to go? And if something happens to you (illness or worse) will you have a legal agreement to say that she leaves? A long term lodger might have the right to stay in your house, affecting what can be done with it should you not be living there.
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