I'm fed up with rents in London: will we save money if we move to Leigh-on-Sea or Margate?
I'm tired of paying rent in London and want to try living somewhere cheaper, so I can save money for a deposit to 'buy my own house.
I'm unlikely to be able to buy in London so I'd like to try somewhere else before buying there, I hope so.
I would like to live by the sea and have heard good things about Leigh on Sea in Essex and Margate, Kent, and they both look promising.
My girlfriend and I are currently paying £2,200 a month for a 2 bedroom apartment. two rooms in Finsbury Park in London and we travel to central London for work.
We work in London and both have to be in office three days a week, so we will have to travel by train. Would we really save money by moving? What should you consider when tuning?
Ed Magnus of This is Money responds: It's a good question to ask, especially when you have to pay so much in rent each month.
Rents have been increasing rapidly. In the last three years alone, the average rent in the UK outside London has increased by 27%, from £853 per month to £1,084 per month, according to the HomeLet Rental Index.
In London alone, the average rent increased by 37% during this period, from £1,580 per month in April 2021 to £2,167 per month in April this year.
Rising rental costs will not only put additional pressure on many people's daily budgets, but will also inhibit their.. .
I'm tired of paying rent in London and want to try living somewhere cheaper, so I can save money for a deposit to 'buy my own house.
I'm unlikely to be able to buy in London so I'd like to try somewhere else before buying there, I hope so.
I would like to live by the sea and have heard good things about Leigh on Sea in Essex and Margate, Kent, and they both look promising.
My girlfriend and I are currently paying £2,200 a month for a 2 bedroom apartment. two rooms in Finsbury Park in London and we travel to central London for work.
We work in London and both have to be in office three days a week, so we will have to travel by train. Would we really save money by moving? What should you consider when tuning?
Ed Magnus of This is Money responds: It's a good question to ask, especially when you have to pay so much in rent each month.
Rents have been increasing rapidly. In the last three years alone, the average rent in the UK outside London has increased by 27%, from £853 per month to £1,084 per month, according to the HomeLet Rental Index.
In London alone, the average rent increased by 37% during this period, from £1,580 per month in April 2021 to £2,167 per month in April this year.
Rising rental costs will not only put additional pressure on many people's daily budgets, but will also inhibit their.. .
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