‘One lodger used to keep really smelly food in the fridge and cooked meals at all hours of the night,’ says Sarah.
‘Another took four showers a day and used up all the hot water. One put dishwasher tablets in the washing machine.’
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Mortgages in Streatham
As buyers wait and watch with glee, could the tailspin wipe 10 per cent or even 20 per cent off property values in some areas? If panic ensues, sellers could be forced to drop prices even further.
She added: ‘As well as the taxis, the entire car park in front of my house was filled with cars outside the area.
They were dancing and causing a racket. They left at about 1am.’
Some added that tensions were still running high in the black community since George Floyd’s death in the US, with any large police presence ‘bound’ to end in violence.
But think carefully about the pros and cons before going ahead. It is important to remember that things don’t always go smoothly when you’re a live-in landlord and you may need to be prepared for the unexpected, or the downright disastrous.
In some cases, younger homeowners are having to rent out rooms as the only way they can pay their mortgage. Other families are taking in lodgers because their incomes have dropped, or are likely to fall as work dries up.
‘If you took out your first mortgage five or so years ago you’ll be surprised how much the system has changed since then,’ says David Hollingworth of broker London & Country Mortgages, based in Bath, Somerset.
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‘The figures show that the second step of the housing ladder is often the hardest, even though it is also the most important for many couples as they search for a property they can stay in for years to raise a family,’ says PlaceBuzz co-founder Andy Hatoum.
Though she was apprehensive when her lodgers Stephanie Farrell and Tom Watson – and their labrador Ziggy – first moved in, she has never looked back.
Roz Burmester, 62, a retired seller of antiquarian books, has been a lodger-landlord for seven months.
BT has to please shareholders, shovel out bonuses to its executives and sell sports packages, so it is focusing on profits, which are up 15 per cent this year (coincidentally, the same percentage as it is hiking prices in July), and has left Openreach to wither.
Tory MP Andrew Bridgen told MailOnline: ‘Cressida Dick has lost control of the streets to a lawless minority. She has lost the confidence of the law abiding majority of residents in Brixton and the country and by effectively abandoning them to mob rule.’
Today new rules mean longstanding borrowers may find themselves treated the same as inexperienced first-time buyers when their applications are assessed – and the fees on the new mortgage are likely to be far higher.
Consumer group Which? says application fees have almost doubled in five years and now stand on average at more than £1,500.
He said: ‘Most of the people at the gathering had come from outside, travelling on buses that dropped them off on Brixton Road.
But police had blocked off that exit and started telling people to go around.
If you bought a flat as your first home you may have got away with a free property valuation from your mortgage lender.
But buy a freehold house and best advice is to get a fuller report to flag up maintenance issues that can cost you dear in the future. Fees start at around £500.
Dundee, Oxford, Brighton and London round out the top five with Exeter, Portsmouth, Aberdeen, Cambridge and Bournemouth not far behind.
