With the Rental Market at a Record High Now is the Time to Buy

Couple
06th August, 2024

Last month, the rental market records were at an all-time high, with the highest rental averages ever recorded by the Goodlord Rental Index. 

The average rental cost in England has risen to a whopping total of £1,470, up 7.5% annually, and increasing further than last year’s average which at the time was described by experts as the ‘ceiling’ on rental costs.

With the consistent increase in rental prices, it has many people wondering whether it is cheaper to buy than rent? Perhaps your monthly costs would be cheaper, but you’re struggling to raise your deposit? 

With Shropshire Homes’ Helping Hands scheme, we can help! Offering a variety of different schemes to help you make our house your home, you can choose from: 

  • Deposit Boost – we will gift you part of your deposit, which will not only increases your affordability, but it could also get you a better interest rate
  • Mortgage Subsidy – we will help you with your monthly mortgage payments for the first two years!

For those considering a house move, we can also offer: 

  • Part-exchange – we will part-exchange your existing home (T&Cs apply)
  • Simply Move – we will hold your dream plot for 4 weeks while we help you sell your existing home

We also have a number of other options in our Helping Hands scheme: https://www.shropshire-homes.com/help-with-buying

What’s more? When you buy from Shropshire Homes, you can truly make our house your home with the choice of your own finishes, including premium kitchen units, worktops and tiling, as well as optional personal touches! 

Find out more reasons why you should buy from Shropshire Homes here: https://www.shropshire-homes.com/news/why-buy-shropshire-homes-0

 

Source: https://theintermediary.co.uk/2024/07/average-rental-cost-breaks-2023-ceiling-rises-to-1470-goodlord/?utm_medium=email&utm_source=rasa_io&utm_campaign=newsletter