HousePals blog
Our Housepals blog is our little platform to blog about things related to the world of Housepals and flat and house sharing.
Flat share market set to increase by 10 per cent
The majority of people who flat share tend to be students or eager young professionals who’ve moved to a new city to find work. Rarely do you find married couples renting a room in a shared flat.
Or at least that’s how it used to be. Today it’s a different story thanks to millions of young couples being priced out of the first-homes market – not through the rising costs of property (in fact it’s coming down) but the inability to access mortgage finance.
Recent benefit changes which are set to come into force in April this year are… Read more >>
Get a lift from the London Olympics
Never has it been potentially more lucrative to rent out a room in London than this coming summer.The London Olympics has sparked roaring room rental costs in those areas of the city which are set to feature highly in selected events and which in turn will be watched by approximately 500 million people around the globe.
Even the queen is getting in on the act by allowing companies to hire St James’ Throne Room for… wait for it… £30,000 a day! Then again, you might want to opt for the Tapestry Room or even the Queen Anne Room (a tour… Read more >>
So you're going to rent out a room?
Thinking of renting out that room in your house upstairs? The one which has been lying empty for ages now? Maybe that room isn’t actually empty but it’s stuffed full of odds and sods and other rubbish that you know you really should throw out or at least take down to the local charity shop. Well, from our decade of experience here at www.housepals.co.uk we’d advise you to get up and start making that room work for you right now.
Renting out a room can be extremely profitable, especially in this day and age where there are no shortage… Read more >>
Market for rented rooms ready to rocket
The market for rented rooms ready to rocket.The demand for room rentals is set to grow over the coming months, property analysts have predicted. This is because would-be house buyers are still facing ongoing difficulties trying to obtain a mortgage – either through stringent conditions demanded by the high street finance companies or because they can’t afford the required deposits of at least 25 per cent.
With the mortgage market facing challenges from the Eurozone crisis and the sluggish wider economy, credit conditions are unlikely to ease significantly over the coming year.
As a result, the number of… Read more >>
Flavour Magazine
Research by Halifax Mortgages, found that while 77 per cent of potential first-time buyers expressed a desire to own their own home, the likelihood of two-thirds accomplishing this within the next five years was slim.
You are not alone. For most the thought of home ownership in 2012 is daunting. Tia Moore (26), a civil servant, says, ‘My partner and I both earn more than the average wage and have very little debt, but I am still overwhelmed by a cloud of fear when I think about rejected mortgage applications, accumulation of wasted rent money and the realisation that my… Read more >>