17 Sep 2024
Moving to a new country is always an exciting adventure, especially for Nepalese expatriates who hope to live in the United Kingdom. Housing is quite costly here, and the dream may soon become a nightmare. This is shocking, but do you know that the monthly rent in the UK has risen more than 10% in a year? Due to this, it becomes quite daunting for new entrants and they may be worried about managing finances about money transfer to Nepal to support their loved ones back home.
But do not despair — you are not the only person who has to undergo it! It doesn’t matter what the reason for moving is, whether it is to study, work, or other opportunities; there are affordable houses available. If you know the proper techniques and get local knowledge along with a good financial plan, you can get a suitable residence in the UK at cheap rates. Now, let’s get into details of how you can make it possible!
The UK rental market is dynamic, which makes it challenging for people to find accommodation since prices and areas differ. However, knowing the market specifics yields a huge difference. The rental market in the United Kingdom is more flexible, with fluctuating rental prices depending on the city. For instance, renting in London can be nearly double that of Manchester or Birmingham.
For Nepalese expats, it’s essential to consider:
Some parts of London like Southall, Manchester’s Rusholme, or some areas of Leicester, have Nepalese populations where they can find cultural solidarity.
It can also be informative to select areas that have proper means of public transport to decrease the cost of transport in going to work.
To balance affordability and convenience, consider the following locations. They will assist you in saving more from your hard-earned money and will ease the process of sending money to Nepal for your loved ones.
It is an area of NY, which is home to many ethnic groups, as well as relatively affordable rent – ranging from $650 to $800 for a bedroom apartment.
A combination of opportunities of urban living and comparatively affordable prices with the average rent of £ 600- £750 per month.
The intended audience is the youth population, particularly the working class and students, and the monthly rent is within £700 to £900 for a one-bedroom apartment.
Selecting these places can offer a balance between relatively cheaper prices, cultural acceptance, and convenience.
It is essential to note that getting an affordable house in the UK can only be achieved through a good plan. With the right tools and networks, the process can be a bit easier and cost-effective.
Try and use reputable websites that are accredited to offer their services in the United Kingdom such as Rightmove, Zoopla, and SpareRoom. This puts these platforms in a position to provide available leases for different price levels. Their filters help you to sort the listings according to your budget. However, there are platforms such as OpenRent whereby one can transact directly with the landlords hence possibly skipping on the agency costs.
It appears that the local networks can be regarded as a rather valuable source of affordable housing. There is no better way of reaching out to these groups than through Facebook or WhatsApp. Some of these groups offer important tips on the availability of rentals and also help members feel they are not alone. Further, you can save for the purpose to send money to Nepal with the help of already-established Nigerians there. Moreover, Nepalese cultural centers and Temples also have notice boards or key contacts through which one can inquire about cheap accommodation.
Again, nothing comes without a risk especially given that anyone can create an online platform. To ensure you're dealing with legitimate listings:
If one has found a probable spot, the efficiency of money is the key to the control of costs in real estate.
Negotiation of rent and lease terms with the intended landlord should not be taboo. Emphasize how you are a good tenant candidate—having a good job or giving outstanding references. It may also be possible to get a lower rent if you can bargain for longer periods of the lease agreements.
Co-living or house-sharing is therefore the best method of reducing expenses. Now not only does it split the rent it also divides the utility bills. Given the high costs of living in towns such as London and Birmingham, the Nepalese living there prefer shared accommodation costs and focus on more savings to send money to Nepal online from the UK for their families back home. Therefore, it is advisable to get like-minded people from places such as Spareroom or other available online social sites.
A proper and realistic plan should be made regarding the budget so that the costs of housing can be controlled to some extent. Here’s a quick guide:
In other words, your Total Gross Monthly Income in nominal terms, that is after taxes.
It says that one should spend 30% of his or her income on a house, which is considered reasonable for rent cost.
They should also be taken into account including; electricity bills, water bills, tax and fares among others.
This should help in case an occasion arises when one just has to spend a lot of money.
If you follow a properly laid down budget you can keep yourself financially afloat and yet live a good life in the United Kingdom.
While it may be difficult to get a house that is relatively cheap in the UK, there are ways that Nepalis can have a comfortable and cheap house or apartment and can do maximum savings for online money transfer to Nepal. Whether in location selection, use of the internet, stakeholder interactions, or the management of finances, these tips may make your transition a little easier and less costly.
Do not give up on your dream of living in the UK just because the cost of housing is on the high side. The first activity is to send money through ACE Money Transfer to get your finances right. If you want to own your perfect affordable home in the UK, take the first step towards it right now!
Leicester, Birmingham, and Manchester are cheap cities with sizable Nepalese populations and efficient transport networks.
It is advisable to use the most reputable sites such as Rightmove, Zoopla, and OpenRent, among others, and the listings should be checked physically or via virtual tours.
Stress your good record of being a tenant, propose more extended rental agreements, and effectively counter by providing suitable references to reduce the rates.
House-sharing allows splitting of rent and other expenses and is relatively inexpensive; one can use apps such as SpareRoom to find suitable housemates.
Pay roughly 30% of your monthly income for rent, factor in all expenses related to living cost, and build a safety net for emergencies.
