Property Guide:Looking to Rent
Housing or Flat Share
Apart from staying at home or staying with a friend for free, the cheapest and possibly the most fun way to rent is by sharing a house or flat.
Housing or flat share is extremely popular, particular in more expensive areas such as London and the South East. Keeping costs down will help you to save for a deposit towards your first home.
You can find houses and flats to share though our first property section and our property renting guide.
With the property market changing, you may actually find that you or you and a friend can afford to step on the first rung of the property ladder. You should seek mortgage advice and see where you stand, you may be pleasantly surprised.
If you are the main tenant and subletting rooms to others in the house or flat you will need to have an agreement with the landlord. Also, if a group of you take on a tenancy you will still have an agreement about the rent, whether it includes bills, council tax, how much notice should be given and who they agreement is between.
House or flat sharing, because it is relatively cheap, can be a good way of starting to save some money for your first home. Saving a deposit will stand you in good stead when you come to apply for a mortgage.
When the time comes you may want to buy with your existing housemates. This would be joint ownership.
Most useful and most popular pages on this site:
Part Rent Part Buy l Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership