The number of those renting has swelled in recent years amid rising house prices, meaning the amount of cash first-time buyers need to save for a deposit has grown. It has left increasing numbers locked out of the property market and forced to rent longer than they had anticipated. A recent survey suggests more than half of a private renter's salary goes on accommodation every month.
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Neal Hudson, of Savills research, said: 'The unaffordability of buying due to deposit constraints means that there is massive competition for homes in the private rented sector, particularly in London. Matt Hutchinson, director of flatshare site spareroom.
While the typical age of a first-time buyer has remained at the same level for the past five years, hovering around 29 to 30 years old, according to data from the Council of Mortgage Lenders CML , the numbers within this pool has diminished. There were , first-time buyer mortgages approved last year, compared to , in , the year before the credit crisis struck. Real life inspiration: The cast of Channel 4's new sitcom, Crashing, based on the idea of property guardianship.
Meanwhile, renters have been coming up with more ingenious ways of finding affordable housing. The latter provides the basis for a new Channel 4 sitcom, Crashing, which features six twenty-something adults living together in a disused hospital. Share this article Share.
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The Landlord's friend, by Kate Faulkner and Paul Shamplina
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Now in her explosive John Humphrys claims he's changed more nappies than most women… but doesn't think he's a good husband: JAN We believe it's important to say "please" and "thank you", so we've launched a new Landlord Referral Scheme that rewards anyone who successfully recommends a new Landlord to us. With an average letting time of 5 days from marketing to finding tenants, why wouldn't you do your friend a favour and recommend Cardiff's quickest renters?!
All you need to do is provide us with the Landlord's name and contact details using the form and we'll do the rest. As one of Cardiff's largest letting and estate agents, we're constantly looking for ways to help our landlords and tenants.
Landlord Referral Scheme - Refer a friend and earn a reward | CPS Homes
With that in mind, our team of lettings experts have been hard at work drafting a comprehensive tenancy guide for landlords. We believe it's important to say "please" and "thank you". CPS Homes' Tenancy guide for landlords As one of Cardiff's largest letting and estate agents, we're constantly looking for ways to help our landlords and tenants.