London’s cost-of-living crunch is affecting people on all rungs of the property ladder, from renters facing average room rents in excess of £1,000 per month, to homeowners struggling with the increased cost of mortgages and bills.
As a result, the capital has seen a surge in people taking in or becoming lodgers —whereby someone rents a room in a private home and lives there with the landlord, rather than having a contract with a landlord to rent an entire home or sublet a room.
