Buying vs renting cost gap at widest for five years: Halifax🏠
Newly released research from Halifax has revealed that the monthly housing costs for first-time buyers are now £115 or 13% lower than the cost of renting an equivalent home, with the difference potentially adding up to more than £27,600 over a 25-year mortgage.
The figures form part of the Halifax Buying vs Renting Review and are based on the housing costs associated with a mortgage on a three-bed home, compared to the average monthly rent of the same property type. To continue reading, please Click Here
