You have take care with tubing in HPLC system. THF is incompatible with PEEK tubing. If your HPLC has tubing PEEK, change for steel. This is the principal care you have with THF in mobile phase.
THF is known to damage PEEK tubings. However, using small concentrations of THF as eluent modifier is safe. We have been using an eluent mixture with 2% THF without problems.
I'd like to add a few things to the answers of the people above. Firstly, THF as a solvent is prone to peroxide formation and therefore usually comes stabilized with BHT. In order not to overload your UV/Vis detector signal, it would be wise to use non-stablilzed THF. However, this will lead to a slow degradation of the solvent quality. Use brown tinted bottles for storage of your eluent and replace it regularly or at least undertake steps to prevent peroxide bildup. Furthermore, most of the manufacturers deliver the HPLC-machines in a reversed phase configuration - meaning, that the seals are incompatible with any non-protic solvent. Hence, replace the seals with the appropriate ones. Keep in mind, that the pressure ratings for the organic solvent seals do not reach the levels for aqueous systems. I've never come across a solvent degassing system which was not able to withstand neat THF. Good luck!