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Money News => Mortgage News => Topic started by: Think Cash Staff on March 17, 2014, 01:42:38 PM
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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 (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGlvo8w5a92EUiw7XZvdbVEjeniGg&cid=c3a7d30bb8a4878e06b80cf16b898331&url=http://www.moneywise.co.uk/news/2014-03-17/buying-124-month-cheaper-renting)
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