Homeowners could end up £326,000 wealthier over a 30-year period than those who rent, and that is before potential property price growth is considered, according to the Equity Release Council, a trade body. Adding to the burden on generation rent are escalating prices, fiddly tenancy agreement clauses and hefty bills. Here’s how to limit the damage.
Don’t just assume you have to pay the advertised rent on your chosen property but do your homework before you make a lower offer – it’s good to go in with a host of reasons to add credit to your bid. Research the local property market to understand how other properties in the area are priced, what features they offer and how well presented and located they are. If you find several similar
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