Renting costing £1,080 more per year than buying

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

Renters are paying £1,080 a year more than those servicing an interest-free mortgage, according to research by property website Zoopla.co.uk. The company's analysis of Britain's top 50 towns based on number of households revealed that owning is more cost effective than renting in 90% of locations. It was found that the average monthly rent on a two-bedroom flat is £668, with the average asking price for such a property currently standing at £138,769. An interest-only mortgage ...

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