Friday, 12 August 2016

The Rental Market: My Experience

Image courtesy of Jeroen van Oostrom at FreeDigitalPhotos.net

I've been renting now with Stuart for nearly 8 years and I'm not going to lie sometimes it can be extremely difficult. I moved out of the family home when I was 18 and wasn't ready for the shock reality of renting, however I'm glad I did it.  

Rental and other housing costs are increasing and work salaries aren't  which as a renter makes it a worrying situation. It's very difficult for us and others like us to afford rent/mortgages which is hence why a lot of people in their mid-late 20's are still living at home. 

This means we are now having to look at our budget and look into what we can cut back and on ways in which we can save money on our bills etc. We live in the south east and have found that as we have a direct route to London rental prices are pretty high compared to some other areas of the UK. 

Over the last 8 years we have dealt with a range of estate agents and our current home is our fifth home together. Some agents have been really good when we have had issues with the property and others not so good. We have only ever dealt with a landlord one to one once before. 

As a renter it's important for us to make sure we have insurance in case anything goes wrong and also important for landlords to be able to get cheap landlord insurance as well just in case. 

I can't see us in the future wanting to buy a place to rent out but HomeLet are launching a second edition of #LandlordsAdvice e-book that offers advice to landlords so will something worth reading if you are planning on renting out a place anytime soon. The e-book will include ​Including useful, insightful and expert information​ on the effect of #Brexit, the importance of good tenant referencing and using HomeLet's unique rental index dat​​​​a.







28 comments:

  1. Such a great post to read about renting. I am still living at home with my parents because I can't yet afford to live alone in London!

    Ashleigh x

    www.beingashleigh.com - UK fashion, lifestyle and travel blog

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  2. The rental market can be such a complex place, we are renting as well and luckily are quite secure here. x

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  3. I'm teriffied to start renting, I've not yet moved out of my parents (everything is too expensive)!

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  4. It is particularly hard to have your own property whether it’s renting or buying, places don’t make it easy for us x

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  5. I am extremely fortunate that I have only rented for a year when at university, the rest of the time I was in College and then when I first came to London I lodged with a family friend.

    I feel really strongly that landlords should be responsible and do their best for their tenants, it is a position of power that is all too easily abused.

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  6. I have never rented but I'm sure my son will be renting when he goes to Uni so will pass on this advice!

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  7. I also moved out of my parents house when I was 18, as I got married. It definitely was a shock to the system, haha! But I'm so glad I did it too ☺️
    Great post! X

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  8. There are definitely good and bad agents out there - we rented for three years and it was generally ok xx

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  9. The rental market is so tough. Good luck with your budgeting. Good reminder about the insurances too!

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  10. I can imagine how difficult it must be to budget when you are renting. I've rented too as a single working woman and always made sure that I got the rent money paid before splurging on anything else. Having insurance is a great idea. x

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  11. The pricing is beyond mental!
    Its almost like they don't want people to progress in life.

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  12. This is great advice. You definitely want to have your bases covered if you're a landlord.

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  13. It's not always easy renting. We're quite fortunate in that we have a good long term place to let (we've been here for nearly 10 years!) but I do wish for my own home.

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  14. I have rented and have had a mixed bag of experiences. Some landlords are great and others not so nice.

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  15. I rented for years and am so glad we saved hard and bought as we would pay double our mortgage to rent the same house

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  16. I have rented and am now thankful I own my home, there is so much more advice out there now than there was when I first moved out of home x

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  17. Its really hard to find a property and agents that really work hand in hand you can get lucky with some and others once you have parted with the rent the landlord don't want to know when there is a problem.

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  18. We're renting currently and thankfully for my landlord we're very responsible tenants but i hope they have good insurance anyway as not everyone is reliable and respectful.

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  19. We have been renting for years - such a interesting read!

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  20. Renting sucks, as it's so expensive. But, we are really lucky to have a great landlord.

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  21. I am a renter too and can understand the frustrations but I do hope one day to be able to own my own home

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  22. The rental market can be hit and miss, it all depends on the landlord. I have my own place now and although expensive I am much happier:)

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  23. Glad my folks aren't in the rental market, sounds complicated. Thanks for the tips xx

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  24. I've never rented as luckily I was able to get onto the property ladder with hubby. Great advice though for those renting x

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  25. We want to put our money into property rather than pensions so buying to let out is definitely an option for us xx

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  26. I have only ever rented for a short period of time and thankfully we got a mortgage when we did.

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  27. Great post! I am renting and it's definitely not easy.

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  28. Everything is so exspensive and its so tough when you are starting out! We moved further north and it is definitely more affordable although having said that the saleries are lower too because of the lower cost of living so I do think its pretty much the same whever you are. If you can get a deposit together then owing your home is cheaper! Our mortgage is less than rent for houses much smaller than this house

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