Owning vs Renting

January 11th, 2016

Owning is cheaper than renting in every area of the UK, claimed the Telegraph on the basis of a survey of average prices across the regions. Assuming a 21% deposit and 79% loan, and a current best-buy mortgage rate, owners paid an average of £192 per month less than renters in the South West, with the gap varying by region. But the figures do not take into account the costs of ownership such as insurance and repairs