29 Oct

Expert: More people are taking in lodgers during the recession

Expert: More people are taking in lodgers during the recession

Those looking at property for sale in Axminster may find that if they are struggling to keep up with mortgage payments or have a spare room they have no use for, getting a lodger is the perfect solution.

Jonathan Moore, UK country manager at EasyRoommate.co.uk, explained that as a result of the economic downturn, many homeowners are having to tighten their purse strings and look for ways to save money.

Because of this, they are looking into the idea of getting a lodger, especially in larger cities such as London where it is much cheaper for people to share than rent or own a home on their own.

"The other reason is people can't get on the housing ladder and rents are tending to go up, so a lot more younger people are looking at house shares," Mr Moore continued.

In August, Abbey Mortgages revealed that 16 million homeowners in the UK have at least one spare room.ADNFCR-1222-ID-19433810-ADNFCR

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