If you’re considering renting in London, it can be challenging to decide where the best place is to suit your lifestyle. Do you want to be close to public transport? Do you want a share-house accommodation to meet new friends? Do you have a family? Or do you need something that suits your pets? To help you decide, here are the best places to rent in London, based on your lifestyle, family situation, hobbies, and budget. If you are on a budget: The average rent in London is currently £2,892 per month. Affordable rent is anything below £1,200 to £1,500 per month. The following boroughs have quality places to rent in the affordable range: Sutton – with average rental prices of £1,405 Croydon – with average rental prices of £1,375 Barking – with average rental prices of £1,305 If you are a young professional: Young professionals have a variety of […]
rental property
Pros and Cons for the Rent2Rent Strategy
There has been media speculation recently about whether Rent2Rent is a feasible investment option. We’ve collated information to bring you the pro’s and con’s of Rent2Rent so you can decide. What is Rent2Rent? Rent-2-Rent is when a property is let on a single let basis to one person (say the head-tenant) who has been given the right to sub-let some or all of the rooms, by the landlord. Rent2rent companies or head tenant will probably live somewhere else and will have the responsibility to sub-let the rooms to separate tenants, usually four or less. They will be responsible for paying the property’s single let rent and the bills. They will make profit by pocketing the difference. The Rent2rent or head-tenant provides the landlord with a guaranteed rent, meaning that even if the property is vacant, they will be responsible to pay the agreed letting amount to the landlord. Why would […]
