You’re better off buying than renting


If you can managed to raise the funds to pay the deposit, you’ll be £875, or 10%, a year better off buying your own home instead of renting.  So says the Halifax whose research took into account average buying costs and maintenance costs on a three-bedroom house. Nevertheless, there are two regions in the UK where it is still marginally cheaper to rent than to buy and they are Wales and Yorkshire and the Humber.

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