Wednesday, January 5, 2011
Just wait until interest rates go up (some time in 2015)
Record numbers of Londoners are renting out spare rooms to earn extra cash. Nearly 200,000 British households took in lodgers last year â€” up 21 per cent on 2009 â€” earning about Â£860million, according to new research. The biggest rise was in London, where demand for rented rooms is the highest in the country. September saw the largest number of homeowners advertising for lodgers, and the trend is expected to continue as people struggle to keep up mortgage repayments amid 20 per cent VAT and an anticipated rise in interest rates.