Worried about mortgage payments on your own home!
By Dominic Swinfield – Belvoir Camden
Many UK based property owners are starting to get concerned about their mortgages running
out of control with potentially spiralling interest rates. Over the coming months and years
we will see a growing number of accidental landlords coming onto the market.
Many home owners have decided it is better to rent out heir existing home and pocket the rent
allowing them to move into cheaper rental accommodation in either a cheaper location or to
downsize their property and cut outgoing costs.
This is a growing occurrence in the London market place where by people purchased properties
over the last few years at the height of the market. The property market has since faltered
and people have been either left in negative equity or with a huge mortgage that has the potential
of ruining them over the coming financial crisis.
If you need any-more information on how to rent out your home please do not hesitate to
get in touch with Belvoir Camden on 02071 997733 or [email protected]
belvoirprod.wpenginepowered.com/camden
1a Chalk Farm Parade
Adelaide Road
Camden
NW3 2BN
Belvoir Lettings Camden operates in St Johns Wood, Camden, Regents Park, Maida Vale, Hampstead, Chalk Farm, Kentish Town, Belsize Park, Marylebone and West London.
