Owning a home beats renting in 84% of British towns

[Nicholas Wallwork]

The cost of home ownership is cheaper than renting in 84%, that is 42 of the top 50 towns and cities in Britain, according to new research. This figure is up on one year ago when it was cheaper to service a mortgage rather than pay rent in 80% of towns across the country, the [...]

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[Gabyyy]

It is always the case in all the markets all over the world and while renting may be short term solution, owning your property is the best thing you can do for yourself in the long run...

 

[JHMKTG]

True.

But it is the accessibility of the mortgages and the strict lending criteria that forces most people to the more expensive rental option.

Best wishes,


James