Lodger agreements popular during rent squeeze
by Daniel Jones
The number of live-in landlords in the UK is on the rise, as a growing number of tenants seek flatshare and lodger agreements
in the face of higher rent.
There are over 100,000 more lodgers in the UK than there were 12 months ago, according to new research by easyroommate.co.uk.
Homeowners have moved to take advantage of this trend in the economic downturn, with many deciding to rent a room
while living in the same property themselves as live-in landlords.
At the current rate of growth, the flatshare website estimates that the flatsharing population in the UK will hit three million by April 2013.
Easyroommate.co.uk director Jonathan Moore explained that the bottleneck in demand for rental accommodation has driven up letting costs.
"The flatshare market is absorbing the excess demand, providing a cheaper and more flexible alternative and allowing renters to set aside more money each month for house deposits," he added.
He added that larger flatshares have also become more popular. In addition, the number of homeowners considering renting a room has increased as the costs associated with running a home continue to bear down on Brits.
- Landlord and Tenancy News from Lawpack: Solicitor-approved lodger agreement template for getting it in writing when you're renting a room
Published on: August 24, 2011
Did you like this article? Share it!