" Young, would-be homeowners are so desperate to raise the cash for a deposit that they are finding ever more creative ways to make and save money. In many cases, because they are already employed full-time, the extra income has to be generated without the commitment of more time.
First-time buyers have been the hardest hit by rapid house price inflation. Those saving have seen the value of their deposits dwindle in relation to rising house prices.
Jamal Afridi, 23, of east London, has saved £6,000 towards a deposit over three years. During that period the average London property price has increased by many times that sum.
His wife is due to have a baby at the end of the year and they are anxious to settle down.
“Buying is extremely difficult,” he said. “With our first baby due at the end of December, our costs will mount further so I’m doing all I can to maximise my income.”
Mr Afridi works full-time as a driver for a delivery service in central London. He uses his Ford Fiesta to drive up to 60 miles a day picking up and dropping off parcels. He usually earns around £1,200 a month after tax and expenses such as petrol and congestion charges. Of this, he saves around £200. "
To boost his income, he has agreed to take part in the “Million Quid Car” campaign being run by carquids.com, which pays drivers to place advertising decals on their car.
During the campaign, companies will pay to advertise on various parts of Mr Afridi’s car until the whole vehicle is covered. So far 30 companies have signed up and the aim is to sell the space for a total £1m.
Advertisers include businesses as diverse as coffee shops and currency converters. The company is paying him £1 for every mile that he drives, so he will earn up to an extra £300 a week just from his weekday delivery work.
Quidcar is not the only company that pays motorists for advertising space. Others include Comm-motion and Street Car Ads. In most cases the ads are applied to your vehicle by the firm – and they can be removed without any damage to the vehicle, it is claimed. "
Source: 'How I'll make my car pay for my house deposit' - Telegraph
First-time buyers have been the hardest hit by rapid house price inflation. Those saving have seen the value of their deposits dwindle in relation to rising house prices.
Jamal Afridi, 23, of east London, has saved £6,000 towards a deposit over three years. During that period the average London property price has increased by many times that sum.
His wife is due to have a baby at the end of the year and they are anxious to settle down.
“Buying is extremely difficult,” he said. “With our first baby due at the end of December, our costs will mount further so I’m doing all I can to maximise my income.”
Mr Afridi works full-time as a driver for a delivery service in central London. He uses his Ford Fiesta to drive up to 60 miles a day picking up and dropping off parcels. He usually earns around £1,200 a month after tax and expenses such as petrol and congestion charges. Of this, he saves around £200. "
To boost his income, he has agreed to take part in the “Million Quid Car” campaign being run by carquids.com, which pays drivers to place advertising decals on their car.
During the campaign, companies will pay to advertise on various parts of Mr Afridi’s car until the whole vehicle is covered. So far 30 companies have signed up and the aim is to sell the space for a total £1m.
Advertisers include businesses as diverse as coffee shops and currency converters. The company is paying him £1 for every mile that he drives, so he will earn up to an extra £300 a week just from his weekday delivery work.
Quidcar is not the only company that pays motorists for advertising space. Others include Comm-motion and Street Car Ads. In most cases the ads are applied to your vehicle by the firm – and they can be removed without any damage to the vehicle, it is claimed. "
Source: 'How I'll make my car pay for my house deposit' - Telegraph
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