Author Topic: Buying is 124 a month cheaper than renting - Moneywise Magazine  (Read 1281 times)

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Buying is 124 a month cheaper than renting - Moneywise Magazine
« Reply #1 on: March 17, 2014, 01:42:38 PM »
Buying is 124 a month cheaper than renting - Moneywise Magazine

It is 124 a month cheaper on average to own a typical three-bedroom home in the UK than it is to rent, according to Halifax. The average monthly cost of home ownership was 645 in December 2013 (based on a mortgage of 73% of the average three-bedroom property value) - 16% lower than the typical monthly rent of 769 charged for the same property type.


Halifax said the relationship between the cost of owning and renting is being driven by average monthly rents increasing by over 100 since 2009, while ownership costs have remained almost the same over the period.

Source: Buying is 124 a month cheaper than renting - Moneywise Magazine

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