Moving Country is Challenging & Turns out to be the Best of Better Decisions – Moved to London, United Kingdom

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Rental Property is for INSECURE PEOPLE. I had fooled everyone into thinking I was good at my decisions, and there was no way I could let anyone think I was an incompetent buffoon. And a country like the United Kingdom has a very high rental price for the property when comparing to the mortgage options. Obviously, there is an obstacle for the IP (Initial Payment) or the rest of the LTV, but the option of owning home in the UK isn’t a bad deal when comparing to the option of renting home. When life in the UK isn’t guaranteed for the long term, people will go for the rental property.

My sorting analysis worked out again with my table occupied with data and information.


The benefits of renting:

  • It can be easier to move the house quickly when you need to
  • Finding and renting a home is usually quicker than the process of buying
  • No risk of losing money if the property’s price goes down
  • Your landlord has to pay for repairs and renovations
  • It is often cheaper and rental payments rarely change, making it easier to budget
  • You may be able to rent a bigger home in a nicer area than you could afford to buy

The drawbacks of renting

  • All of your rent payments go to your landlord, not towards owning a home
  • If you never buy a house, you have to pay rent for your whole life, even after you retire
  • If your landlord decides to sell or get new tenants, you have to move out
  • Your landlord can set rules and restrict changes you can make to the property
  • You have to pay a deposit, and the landlord may keep some or all of it
  • Your landlord could decide to increase your rent
  • Improving the property could increase its price, but this only benefits the landlord


The benefits of buying

  • Your monthly repayments go towards buying your home, not into a landlord’s pocket
  • You fully own your home at the end of the mortgage’s term, and can then live rent-free
  • You could make a profit if house prices rise
  • You can live by your own rules without needing a landlord’s permission (e.g. having pets)
  • You can make changes to the property such as redecorating or landscaping the garden
  • Renovations and changes you make could increase your home’s value
  • No landlord who could make you move house because they want to sell
  • Buying can sometimes be cheaper than renting. The mortgage is cheaper than renting.

The drawbacks of buying

  • Upfront costs like mortgage fees and stamp duty can make it pricier than renting
  • If you get a joint mortgage and separate, it can be complicated to sell the property
  • Interest rate rises can increase your monthly payments (unless you get a fixed rate)
  • You have to pay for repairs, including if something urgent goes wrong like a leak
  • Moving can take a long time because you have to sell your home first
  • If your finances become tighter, moving to a cheaper property can take a long time
  • There are financial consequences if you fall behind on repayments, like getting into debt
  • If you fell too far behind, you could face bankruptcy or your home being repossessed.

I will tell you, after doing this deep analysis, I concluded that BUYING is better than RENTING in London, United Kingdom if you have the capacity. Paying rent all the life with nothing being left behind is considered as Dead Money and not a wise investment strategy.

Kokula Krishna Hari K an Indian born in Pondicherry, South India in the 1980's is a pure veteran with acquired knowledge in Business Administration, Computer Research and Entrepreneurship.

Kae Kae or KK or Kokula Krishna Hari is a strong Public Policy and Strategic Expert. All the contents and views expressed in this Blog are personal and nowhere represents his official comments or associated with his Professional Associations.

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