Renting can be an easy option, you aren't tied down to a mortgage and if anything goes wrong with the property like the heating and hot water the landlord is usually liable for the costs not you.
Many tenants are refused loans due to a poor credit history.
This may seem unfair but lenders feel they could be at risk if they can't secure the loan against a property.
This can make things very difficult especially for young people and single parents trying to start out. With the cost of property being unaffordable for most first time buyers the only other option is to rent.
What most people forget is that renting a property can be as expensive as owning your own property, whilst all your money is being paid out to your landlord there isn't always much left over.
Have you been refused a loan because you don't own a home?
At Lewis Alexander we can help you by giving you free confidential advice. Why not give us a call today on 0800 018 6868, your call is FREE!
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