Property News · October 9, 2015

Homebuyers pay less than renters in a third of UK towns and cities


Paying off a typical 90% mortgage is cheaper in 36% of cities but in London monthly repayments on loans can be 50% more than rentingBuying a home is cheaper than renting the same property in a third of Britain’s towns and cities – all of them outside the south of England – according to new figures.Property website Zoopla said servicing a 90% mortgage on a typical two-bedroom home costs an average £724 a month across Britain, while renting comes in at £666. Around the country, however, there are big differences in the relative cost of being a homeowner and a tenant – paying off a mortgage works out cheaper in 36% of cities. Continue reading…

Source : theguardian.com
Read more…Homebuyers pay less than renters in a third of UK towns and cities

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