Renter’s paradise

On turning 50, I realised I’d never own my own home. What bank would agree to give a mortgage to someone with no regular source of income? Even if I did somehow hold down a job, I would have just 15 years until retirement age.

For a while, I was depressed. Owning your own home is the British dream. Why else would all those property shows I drool over be so popular? I won’t have anything to hand down to my kids. What sort of loser am I?

Then I remembered: I live in a five-bedroom Victorian terrace in Islington, which is owned by the council. At £650 per month, our rent is far less than what private tenants might pay for a flea-infested bedsit in the same area. When the toilet gets blocked, the central heating breaks or the roof blows off, we make a call and the problem is fixed for ‘free’.