Hi everyone ive been renting for 3 yrs now while im saving for a deposit to buy a house.
Does anyone else who's living in rented accommodation feel down about it? I'll explain why I do sometimes.
No matter how at home I feel, or make it homely I seem to always be aware its not my actual home. I get mail nearly every day through my door for past tenants. Ive had people knock at my door looking for past tenants. My landlord wont let me do anything In the flat, I have inspections every six months and the letting agent always complains about something and sends me rude letters. Eg. complaining my washing machine wasn't clean enough (even though its my machine not supplied with the flat)
Please say its not just me who gets down about renting?
It's a "mind-set" thing and to feel differently you must re think your position.
I have many friends in Europe who have never thought about buying their main home as in Paris, Brussels and Berlin you rent year after year after year. They still think of it as home.
It's also interesting that several of them own "holiday homes". The location of these varies from Florida, to around the "Med" but also in London.
Look on the bright side - at least it gives you the added impetus to save hard and get into a home of your own as soon as you can. Lots of people just sit back and do nothing to improve their situation despite complaining about it.
It looks like they're going to be changing the rules for Help To Buy and the mortgage rates are going up. Its helped a few first time buyers but its also helped the rich get richer. Got to love those bankers.
Oh no you have inspections? I used to have those in Australia and detested them!!
I am renting now but the landlord is pretty laidback so am happy with this at the moment. At least if something breaks you get it replaced and are not tied down. I would move if I were you though ...wouldn't want to put up with inspections and nasty letters
If I buy a car with a bank loan, is that the same as renting a car.
A normal mortgage arrangement may involve assigning some rights to the mortgage company, but if you buy a house with a mortgage it is not the same as renting... people paying mortgages are not (normally) renting.
When I was out of work 6 years ago, because I owned my own house (mortgage) I didn't get any help with the payments. If I had been renting, I may have got some help. Last week I found out that our septic tank is leaking, and we've received a letter from the council telling us that we need to replace it with a sewage treatment plant at a cost of several thousand pounds. It's times like this I wish I rented!!!