Why Rent?

• House prices still haven’t stopped falling and so many people consider that renting, rather than buying a property is the more sensible option until the property market stabilises. Buying now could mean that your house is worth less in a years time than you paid for it i.e. in negative equity

• In general, renting a property is cheaper than paying a repayment mortgage for the same property.

• Attaining a mortgage has become more difficult than in the past. Lenders are looking for buyers to have bigger deposits than before.

• Renting a property gives more flexibility, should your circumstances or requirements change.

• The landlord pays for repairs (excluding damages by tenants) and so you can budget more accurately without having to worry about paying for costly repairs.

• Renting gives you the opportunity to try living in an area to see if you like it before you make the commitment of buying.