Hi All,

I'm currently renting in London but I'm thinking of buying. Possible early next year when prices have dropped off. I'm thinking about buying a 3 bed house or apartment and renting out a couple of rooms.

I'll hopefully be able to cover the mortgage with at least one room rented out including my own salary etc. There is an element of risk involved in this. If I'm out of work or one or both of the rooms are vacant for a period of time I could have a problem paying the mortagage. Given the demand for rental property in London I don't think I'll be stuck for tenants. I also plan to keep a stash of cash to help me out if I'm stuck.

Its quite common for people to rent out a single room, but by bumping this up to two the element of risk also increases given the fact that I will be relying on the income to pay the mortgage.

I'm interested to hear peoples views on this. Also interested to hear from people who have had a bad experience with renting out rooms in terms of the tenants themselves and relying on the income.

Cheers,

TheAztec