You haven't got the money saved up for a 10% or 15% deposit on a house, but you want to move out of your parents home now, so what do you do? If only there were some people who were willing to let me move into a house for only a £700 deposit and another £700 rent.
That way, I can have my own house and have only put down £1400. I can move in within a week or so of viewing it, rather than wait 3 to 4 months to buy.
Brilliant. What's more, if I decide I don't like the area, neighbours, road noise, or change jobs and I need to move 20 miles away, or I need an extra bedroom, want a bigger garden, etc., I can move out with only a months notice. I don't have to put my house on the market and wait 4 to 6 months to sell it, or much longer in a poor economy.
What a great system that would be… It's so flexible, so easy and I am protected by law and have so many rights bestowed upon me too.
Furthermore, if there is a leak, a boiler breakdown, a non-working toilet, the cooker breaks or any other maintenance issue, somebody else pays for it, so I am assured that for the next year or so, my housing budget of £700 a month is never exceeded by a pesky roof leak or boiler breakdown.
Wait… What?!? A system like that already exists? Amazing.
So, you're telling me that there are other people out there who have had the discipline to save up their wages and earnings and used their perfect credit score for the benefit of others? These people have bought a house, refurbished it, made it habitable, made sure it complies with all the housing regulations, gas safety regs, electrical safety regs, EPC regs and around 130 other regs (which I wouldn't enjoy if I bought a house)?
So they take a massive risk and let me just put down £1400 to move in, within a week or so of viewing it, instead of putting down £20,000 and waiting 3 to 4 months?!? Who are these mystical people? Is there a name for them?
What was that you said… a "Landlord".
Wow. We should be so grateful that these "landlord" people are willing to help me out in my hour of need, as I can't save up £20,000, can't wait for 3 to 4 months and I want to move now.
Thank heavens for landlords who saved up their money and decided not to leave it in a savings account or ISA or pension, but took a massive risk, invested their money, paid for the house to be done up, helping other people like this…. It's amazing…
These people must be so loved and valued by society and the Government.
What? They're called greedy parasites and attacked by 'charities' and Government? When they're sorting out what would otherwise be a huge problem for people?
Is the world crazy?