RoomMatesUK helps you find flatmates, flats, rooms and tenants, as well as to advertise rooms for rent, flats, houses and properties for Free. There are many reasons why room rental can benefit both the tenant and the landlord. Especially as sharing a flat is becoming an increasing in popularity accommodation solution with many tenants and landlords across the UK.
As property prices are on a constant rise, the rental prices are becoming a burden on young couples, students and professionals looking to rent a flat in the central locations of the city. As such, renting a room has become a popular accommodation solution, with weekly rent prices as low as ~£75. Not to mention that the money saved by renting a room can be used to purchase a property in the future, which makes flat sharing very appealing!
As many landlords are facing difficulties with their mortgage repayments, they have turned to renting their property by rooms. a way which allows them to not only have their property rented more easily, but also to make a higher return on their investment, since when letting the property by rooms, the total monthly rent many times is higher than when letting the property as one unit.
Sharing a flat or a room in London, a city known for its multicultural mixture, is a great way to meet new friends and to have an easier “landing” when moving to a new, unfamiliar area. Making new friends and expanding a social network, gives the flatmates an option to hang out, assist each other in finding jobs or studying for exams, and make new relationships. For expatriates and students moving to the UK, finding a flatshare in London is an excellent first step to get around, know the surroundings and meet people who are already familiar with the city.