Renting a property 'cheaper than buying'
Renting a property can be a much less expensive option than buying.
This is the opinion of chief executive officer of Assetz Stuart Law and his comments could influence anyone looking for property to rent in London.
"It is so expensive to buy a property, that there is no choice but renting for most people in the UK," he added.
This means that more individuals may choose to lease out a house for longer than they initially planned to.
Kamlesh Padhra, managing director of Infinity Property Solutions, noted one way for people to save money is to downscale the property they choose to rent out.
By saving in this manner, it is possible to put way more money for a deposit, which could ultimately be used to help individuals fund a house purchase.
Ms Padhra observed rental properties will continue to come onto the market while access to lending is so constrained.
Posted by Ben Carter
Published 13th July, 2012
© 2012 Estates IT Limited
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