On several occasions over the last few months, in my Guildford Property Blog, I predicted that the rate of rental inflation (i.e. how much rents are rising by) had eased over the last year.
In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market.
Should you buy or rent a house? Buying your own home can be expensive but could save you money over the years. Renting a property through a letting agent or private landlord offers less autonomy to live by your own rules, with more flexibility if you need to move.
I received a very interesting letter the other day from a Guildford resident. He declared he was a Guildford homeowner, retired and mortgage free. He stated how unaffordable Guildford’s rising property prices were and that he worried how the younger generation of Guildford could ever afford to buy?