A woman who began renting out her home to pay for her mortgage has created a business managing dozens of locations including luxurious houses, cottages and stately homes.
Gillian Milner runs Location Creation, a group which helps people prepare and rent out their homes for film and photoshoots.
She also helps manage and run bookings on behalf of owners, with major clients including BBC, ITV, Netflix and Amazon.
The gross budget for a commercial shoot for a 10 to 12
Santander has become the first high street bank to shield homeowners from mortgage rate increases while boosting rates for savers.
The Bank of England hiked interest rates on Thursday, adding an average of £612 a year to mortgage payments as lenders increased their standard variable rates (SVRs).
But unlike its competitors, Santander has announced it will hold its SVRs at 7.5 per cent, rather than match the Bank’s 0.25 percentage point uplift.
Skipton Building Society has also made a stand
Markets are pricing in two more interest rate hikes this year in yet more misery for struggling mortgage borrowers.
The Bank of England raised rates by a widely expected 0.25 percentage points yesterday, with some observers thinking there might be another ‘shock and awe’ 0.5 per cent
British homeowners are braced for more mortgage misery today (Thursday, August 3). The Bank of England is expected to rise UK interest rates to a fresh 15-year high as its long-running fight to control the rising cost-of-living continues.
Most economists expect the Bank’s Monetary Policy Committee (MPC) to lift the base rate by 0.25 percentage points today, taking it to 5.25%. The last time it stood at 5.25% was in March 2008.
It would mark a smaller increase than the
Hundreds of thousands of pensioners are facing a “mortgage bombshell” over soaring interest rates, it was warned.
Around 450,000 over 65s are still paying off the cost of their homes into retirement, according to official figures.
Half of those have savings and investments of under £3,000 to rely on with some having nothing set aside at all.
Shadow work and pensions secretary Jonathan Ashworth said: “Older people are at the sharp end of the Tory cost of living crisis due
Three more major mortgage lenders have announced they are slashing their rates.
NatWest, Halifax and Virgin Money will all be making cuts, effective from 2 August.
Most notably, those buying or remortgaging with NatWest
While anticipation of further Base Rate hikes grows, mortgage market volatility remains, fueling concerns among homeowners about the extent to which their monthly repayments could rise again this year.
The Bank of England’s Monetary Policy Committee (MPC) has increased the Base Rate 13 times since the start of last year, bringing it to a 15-year high of five percent.
On Thursday, August 3, the MPC will meet again and as per estimations by market analysts, may increase the Base Rate
Mortgage borrowers could soon have some relief from rocketing interest rates and the surge in repayments.
Kevin Roberts, managing director of Legal & General Mortgage Services, told Express.co.uk there are signs that rates are levelling off.
He said: “It is too early to tell whether rates are on their way down, but there is good news for borrowers in that swap rates – which are used by lenders to predict future interest rates – are starting to stabilise, dropping by
Experts are sounding the alarm that homeowners “worse could be yet to come” as mortgage rates are expected to rise later this week.
This warning comes after the Bank of England released figures that revealed net mortgage approvals for house purchases saw an increase from 51,100 in May to 54,700 in June.
Despite this uptake in homeownership, mortgage lenders are reminding those attempting to get on the property ladder that further interest rate hikes are coming.
The Bank of England
A finance expert has warned that mortgage arrears could ‘tick up’ as soon as the second half of 2023, with millions of Aussie borrowers on a mortgage cliff of low rate home loans due to face a repayment shock.
Erin Kitson’s warning followed her revelation that people living in the outer regions of capital cities across the country had higher mortgage arrears levels than their inner-city counterparts.
Some of the high rate areas included the South West, Outer West and
