Download
1 / 3
E N D
2/11/22, 9:51 AM Apartment Rentals in London. As the prices of property are rising… | by howard macmillan | Feb, 2022 | Medium Upgrade Open in app howard macmillan Feb 9 · 3 min read · Listen Apartment Rentals in London As the prices of property are rising each and every day it is becoming harder to buy a property for many people in the U.K. During your initial years, when you start living on your own, It becomes near to impossible for you to buy A house. It is always a wise decision to rent an apartment rather than buying. Let’s talk about a few benefits of apartment rentals in London. No Down Payment https://howardmacmillanuk.medium.com/apartment-rentals-in-london-589668550cac 1/3
2/11/22, 9:52 AM As you know, buying a house is very expensive. You have to spend at least £100,000 to get a one-bedroom apartment in a good neighbourhood in London, And you have to pay at least £20,000 as a down payment, which is very high when you compare it with £300 a week rent and £1200 as a down payment. That is a big difference, and not everyone can afford it. Apartment Rentals in London. As the prices of property are rising… | by howard macmillan | Feb, 2022 | Medium Upgrade Open in app No debt During your initial years of job, you cannot pay cash upfront to buy an apartment or flat. You need a mortgage to buy an apartment. A few of you might think that mortgage debt is better than high credit card balances, but debt is a debt. If you miss one instalment or even delay, it will affect your credit score. On the other hand, if you go with apartment rentals in London, it won’t be any headache for you. Higher maintenance Let’s assume that you took a mortgage and bought an apartment for £100,000. Now, If you think you just have to pay your mortgage instalment, you are wrong here. You also have to take care of property taxes, insurance, etc. Being a homeowner with a low-paying job is our job in London. It is always a good choice to live in rental apartments, and all the good online estate agents in Wembley will suggest the same. Low resale value There are two or more types of property buyers. There is one category of people who just want to buy one property and settle for as long as possible in that property. On the other hand, there are a few people who don’t like to settle in just one house, and they think of changing it in a few months or years. If you fall under the second category, then buying a property won’t be a good decision for you. Even if you buy a property today and try to sell it tomorrow, you might not get the same price you paid today. Many times property prices go down. More flexibility If you opt for apartment rentals in London, you get more flexibility than buying them. You can live in one neighbourhood as long as you feel good, and to change your environment, you can switch to another area. https://howardmacmillanuk.medium.com/apartment-rentals-in-london-589668550cac h b f f d h d 2/3
2/11/22, 9:52 AM There is one more benefit of renting an apartment in London that you can downsize anytime if you desire or need due to financial conditions. Howard McMillan is one of the Apartment Rentals in London. As the prices of property are rising… | by howard macmillan | Feb, 2022 | Medium Upgrade Open in app best online estate agents in Wembley. You can contact team Howard for apartment rentals in London. https://howardmacmillanuk.medium.com/apartment-rentals-in-london-589668550cac 3/3
