Whilst the majority of the press has been focused on how first time buyers are struggling in the recession with very few mortgages being available, little has been said about the first time renter.
They can face as many hurdles and barriers to getting a home as someone looking to buy. Yes the amount of money varies; however for anyone that has just left school or university to find a job in any city in the UK, will find that whether it be an additional £500 or £5000 to pay upfront before getting the keys to a home, will be just as difficult.
As a renter, you need to have enough money to pay the deposit and first month's rent upfront, and for those that are looking for employment tend to have to pay more as an additional security for the landlord.
The other issue facing renters these days is securing a property in the first place. There has always been a great amount of competition in the rental market so getting to view a property in the first place can be a difficult task
Obviously the good news about renting is should anything go wrong in the property such as a boiler breakdown, it is down to the landlord to make sure it is repaired in a reasonable time-frame and they pay for it.
Also there are not the constraints of buying a property and for some the moving from property to property on a 6 monthly basis is all the fun!
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