subject: Renting In Greater London [print this page] There are many different benefits of renting or buying a home or flat, and your own personal circumstances are often the deciding factor of which of these you should choose to do.
The obvious benefit of buying property is that you will get to keep your home. With renting there is no end date, whilst with buying you are working to a goal and will eventually achieve ownership of your habitat; with renting, your occupancy can only ever be considered temporary.
Some people prefer to rent. This can give you more flexibility if you plan to keep moving around, and you'll have a landlord to help fix problems. The deposit you pay at the start is likely to be no more than two months rent, compared to the very heavy deposit you'll need to pay should you choose to buy a home, along with a mortgage. It is generally considered that renting will ultimately cost a lot more and you won't get anything back at the end.
The cost of renting or buying property can vary greatly, depending on which part of the country you are looking at. In general, property in the North has often been considered cheaper than property in the South, however this could well be a stereotypical classification and it's always important to consider the merits of where you plan to live and what each property has to offer. You should also ensure you use a trustworthy rental agent and landlord.
Living in London can be extremely expensive and only people on very high salaries will be able to afford to live in central London. A large number of workers will instead live on the outskirts of London or in nearby towns and cities.
"The City of London", "Greater London", and "London" can refer to different areas, however it's easy to get confused. The City of London is the historic centre around which the rest of London developed. This has existed for a very long time and the boundaries have barely changed since the middle ages, having originally been a major roman settlement.
Whilst the City of London boundaries remained unchanged, the surrounding towns grew and developed, and began to get classified as being part of Greater London. As time went by, the Greater London Authority was created, and this officially included the areas outside the City of London. General when people refer just to London, they mean Greater London. Central London is not an official designation but is thought of to include the inner-most urbanised areas with a high daytime population.
Greater London is bounded by Essex, Hertfordshire, Buckinghamshire, Berkshire, Surrey and Kent. Rather than trying to pay the steep rent in central London, many people will elect to move into the further points of Greater London and commute the rest of the way, using the underground and the national rail network.
The London Borough of Bromley lies within Greater London, and is one of the major metropolitan centres within the London Plan. When looking for property to Rent, Bromley is clearly a lot cheaper than moving closer to London. Searching for Bromley Letting Agents is the best way to get an idea of rental costs in the area.
Whilst towns such as Bromley are part of greater London, they still carry their own unique identity and have many benefits. Bromley in particular has a lot to commend it, and don't be put off renting outside of central London with a mistaken belief you'll be bored: the area has green open spaces, cinemas, and even its own shopping centre known as The Glades. The area is one of the few commercial retail districts outside of Central London.
by: Shannon Donnelly
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