The
house price bubble has resoundingly popped, in fact you would have to
have been living under a rock for the last year or so to not realise
that house prices are finally falling.
Unfortunately, this is happening in line with the biggest economic
crisis of the last fifty years and that means that banks and lenders
are expecting higher deposits from people wishing to buy homes. Meeting
these higher demands is impossible for many people and buying a home is
not an option. An alternative option is renting.
Whilst renting is the norm on the continent, it has often been
considered as a poor relation to buying in Britain, this is despite
many housing experts and indeed several famous property developers
choosing to live in rented accommodation despite having the financial
capacity to buy. Renting a house is a very simple process, but getting
insurance may be a little more difficult.Read More
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