Homeowners take lodgers to cope with rate rise

Some analysts are expecting a further interest rate rise to 6% when the Monetary Policy Committee meets this afternoon. Many have said a further rate rise before the end of the year is almost inevitable. The survey also found that a further 19% of mortgage borrowers would consider taking a lodger but do not have enough space to do so. According to Propertyfinder.com, if rates rise to 6% then the average mortgage repayment will have risen by £79 per month since rates began to rise and borrowers will be seeking to supplement their incomes. Warren Bright, chief executive of Propertyfinder....