Do you currently rent or own a property?

SideWinder · 22 Apr 2009 at 19:38

Just looking around on the internet trying to avoid writing an essay and decided to look at the houses around my area and how much they cost to rent. I rent at the moment with 5 others and its stupidly expensive as its a 4 bedroom converted to a 6 bedroom with a greedy landlord. We're only staying due to its great location and also we all wanted to stick together - not many 6 bedroom places around.

I looked around at properties in Central, just thinking about the future and i was surprised at what i could get if i moved in with the girlfriend.

Anyways, what do you do and how come? So do you regret getting a mortgage? Prefer renting? Discuss.

Edit: Currently paying £390 a month, excluding bills. Location is close to Putney, SW15.

tntcoder · 22 Apr 2009 at 19:42

Renting, 12 month period as a student

But when I come to full time work, I don't intend to rent for more than a year if possible.

Rich_L · 22 Apr 2009 at 19:42

Define 'expensive'

- Your place must be outrageous if it's expensive sharing between 6

I share with 3 others, £400 a month each rent, 20 min commute straight into Liverpool St, can't complain! ***** area admittedly but means plenty of choices of fried chicken

Azagoth · 22 Apr 2009 at 19:43

I think everyone regrets getting a mortgage at some time. However, once it's fully paid off it's all plain sailing.

da_mic_1530 · 22 Apr 2009 at 19:44

rent with my GF, then two years renting as a student before that. Looking at 1 year renting from now then mortgage

Glaucus · 22 Apr 2009 at 19:46

Rent on my own, cost the same in rent as a mortgage would but no deposit.

The 30% homebuy scheme is so tempting. but they don't build the cheaper houses with garages. Otherwise I'm pretty sure I would buy.

Scam · 22 Apr 2009 at 20:07

I rent and share a house with 4 others. W13. £450pcm excluding bills. Yay for London :rolleyes:

Gypo · 22 Apr 2009 at 20:08

Have a house and a mortgage, £620 pm

Greenlizard0 · 22 Apr 2009 at 20:10

Gypo said:
Have a house and a mortgage, £620 pm

A somewhat surprising username you have there then.

nintenjo · 22 Apr 2009 at 20:50

I currently rent.. Share with the misses.. she pays the bills i pay the rent.. rent is about £750 a month not cheap for a flat

but its an expensive area. I have looked around at buying but i've moved jobs about 3 times in 6 years so no where feels right atm.. and the starting house price in solihull is about £200k so not th best place to get on the property ladder..

Edinho · 22 Apr 2009 at 20:51

Mortgage about £46k left on it. Hoping to get it paid off in the next 3-5 years.

Streeteh · 22 Apr 2009 at 20:53

Rent at present though i've got around £40k in savings itching to go as a down payment on a flat. Just need to decide where i want to live for the next section of my life... not easy.

Kell_ee001 · 22 Apr 2009 at 21:01

We rent

AtlanticP · 22 Apr 2009 at 21:04

Rent £600 exc. PCM 3 bed house in Bodmin

Will probs buy in a couple of years when we are finacially more settled or we win the lottery

platinum87 · 22 Apr 2009 at 21:05

so do you go fulham broadway and get drunk?

snowdog · 22 Apr 2009 at 21:05

Rent, 650€ a month for a 3 bedroom row home.

Jez · 22 Apr 2009 at 21:10

Own 3. Let one soon to be two. I buy because the market is down and it makes the best sense long term. Renting is a surefire way of staying in rubbish houses forever.

leaskovski · 22 Apr 2009 at 21:10

Greenlizard0 said:
A somewhat surprising username you have there then.

About the same amount for me as well.

int · 22 Apr 2009 at 21:14

Currently in Redland, Bristol with 5 other people paying £312 p/m with water bills included.

Moving to Stokes Croft, Bristol in July with 3 other people paying £320 p/m. Right on the edge of town next to Cabot Circus, nice place

memyselfandi · 22 Apr 2009 at 21:22

Mortgage at ~£690/month .... be nice if it was less. If I rented a hose exactly the same as mine (i.e. next doors) it would cost me £550-600/month in rent.