With the current property crisis meaning many people can’t obtain mortgages, or at least not without large deposits, the popularity of renting property has increased in the last twelve months. Renting property instead of buying often works out cheaper for people, and is much quicker than the often lengthy process of trying to obtain a mortgage and purchase a property.

One of the most popular areas of the UK for property rentals is Leeds in Yorkshire.

Leeds is a bustling city with a wide range of areas in which to look for property. Leeds has affluent areas such as Headingley and also cheaper areas in which to find property in Leeds. (more…)

‘Part Buy Part Rent’ is perhaps more commonly known in the public domain as ‘shared ownership’ and it means that you own part of a property, whereas the lender owns the other part. Often this is split in a 50/50 or 60/40 percentage.

When you buy a property on a part buy part rent scheme you don’t own all of the property, but there are many benefits to doing this that make it worthwhile. For example, with a part buy part rent scheme you wouldn’t require as much deposit, which is useful now that mortgages are becoming very strict on deposits and most lenders require at least 10%, some rising to 40% for the best mortgage deals. (more…)