London, UK -- (SBWIRE) -- 02/16/2015 -- With the struggling economic crisis and higher living costs, thousands of people living in London with a mortgage are struggling. With the shocking news finance experts have predicted another economic crash and property experts claiming London property prices are going to continue to drop, London property owners face a struggling time. However, RoomHunters, London rental experts have said, people with their own property can avoid increasing debts by renting out a spare room.

RoomHunters, the London rental experts are advising people who are struggling to pay their mortgage that they have a gold mine in their home. According to RoomHunters, if a property owner has a spare room available in their home, they could make thousands each year, which could help to pay their mortgage.

A lot of property owners who have lost their homes due to mortgage repossession, and homeowners in London who are struggling with debt, have said they never thought about renting out a room to help with their financial troubles. However, RoomHunters has said, renting out a spare room in a property could be the difference between avoiding mortgage hardship and facing repossession.

Wages over the past couple of years due to the economic crisis has not risen, even though the cost of living has continued to spiral out of control. David Cameron said businesses need to start increasing wages now the economy is stronger. He has warned that families who are struggling need help, and it is now they need a wage increase, but business leaders have ignored this message.

With a forecast of more economic troubles just around the corner, Property experts are warning that London homeowners face a bleak future and more homes in London could be repossessed. In 2012, there were over 7,500 homes reprocessed in London, and finance experts believe in 2015 this could figure could hugely increase. Finance expert believe unless some property owners find new ways of bringing income into the household, more people could be faced with mortgage arrears.

RoomHunters want to see London mortgage repossession figures reduced, and believe by property owners can avoid mortgage problems by renting out their spare room.

RoomHunters, who help people, find rooms to rent and accommodation in London have set up a special information page on renting out room. The information page help London homeowners understand about renting out a spare room.

Property owners who would like to learn more about renting out a spare room and what they need to think about before considering having a paying guest, please visit https://roomhunters.co.uk

About RoomHunters
RoomHunters help people find affordable accommodation in London through moving into a spare single room or double of a property. They also help homeowners find single people to live in a spare room they may have. By bringing people together, the accommodation experts are helping people stay in London instead of moving out of the area to other parts of the UK that are cheaper to live.

Media Contact

Company name: Room Hunters Ltd
Media Contact details:
Robert Pattava
2 Woodberry Grove
Finchley
London
N12 0DR