Don’t despair, just share!

With the credit crunch at our doorstep and the property market dragging its feet behind us it is now thought that it is more economical to rent rather than buy. Financial experts are now giving the controversial advice that renting is not only a wiser choice than buying but that it could be one way to beat the crunch and pay off your debts.

However with EasyRoommate.com your prayers can be answered with a click of a button. With over 190,000 ads for the UK it is the only flatsharing website you will need.

It’s a true fact that money makes the world go round and sometimes you just can’t afford that first step onto the property ladder so why not opt for the best alternative and flatshare with like-minded individuals. Alternatively if you’re a first time buyer and want to spread the financial burden then have you considered renting a room out?

No one can accurately predict what will happen to the housing market over the next few years, but the pessimists are suggesting that houses could lose about 25 per cent of their current value. So if you can’t sell your house then renting a room might save your house from repossession.

Tamara Smith, Business Development Manager for EasyRoommate.com spoke about her feelings on the credit crunch affecting the property market:

"Homeowners may not have worried as much about their financial problems whilst property prices were rising and re-mortgaging always remained an option. However with the property market stalling and the lenders withdrawing their mortgage deals every day many families across the country are struggling as a huge strain is put on their finances."

Moneyfacts, the financial analyst, estimates that up to 90 mortgage deals a day are currently being withdrawn and 1.4m homeowners will need to re-mortgage over the next 12 months so what better time to spread those costs go to EastRoommate.com today and beat the credit crunch together.

EasyRoommate.com also holds Flat Night Fever; a fortnightly event to find your perfect flatmate. Located in Sound Nightclub Leicester Square people from all over London come together to find their ideal co-habiter whether they are looking for a roommate, landlord or tenant. The next event will be held on Tuesday 22nd July.