1 Apr

First time buyers: houses to rent in West Midlands cheaper?

First time buyers: houses to rent in West Midlands cheaper?

First-time buyers unable to get onto the property ladder could find property to rent in the West Midlands cheaper.

According to Savills, potential buyers could be financially better off continuing to stay in houses to rent in Birmingham instead of struggling with housing deposits.

Increased demand for rental properties as a result of the difficult mortgage market could also help buy-to-let investors receive greater returns.

According to the firm, buyers with small deposits could face higher interest rates.

Lucian Cook, director of residential research at Savills, said: "For a number of first-time buyers, it is still cheaper for them to stay in rented accommodation."

Property to rent in the West Midlands could be one of the cheapest options for households.

The Birmingham Mail reports that St Cecilia Close, near Kidderminster, is one of the cheapest streets for rental homes.

In addition, the street is close to the Kidderminster Harriers stadium and offers high rise apartment blocks for people seeking flats to rent in the West Midlands.ADNFCR-1222-ID-800484879-ADNFCR

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