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Look at the landlords thread.
You can do it on the quiet. You will - probably - be breaking a clause in your mortgage agreement if you do. You will also find it hard getting the correct insurance.
Short term tenants would be a worry for me, personally.
There might be companies that look for properties like yours to rent to corporates short term however. They might have the stuff in place to make your life easy.
Howard
Does anyone have any experience of renting their flat/home out? I'm looking to go work abroad for 3-4 months and want to rent my flat out whilst I'm gone. I know our bank would look to charge a fee and change the interest rate for a long term let but should I expect the same for a short term let?