Buyers Are Better Off Than Renters within Five Years

Homeowners prove to be better off than renters within five years, new research reveals. The figures suggest that while renters pay less each month, owners recoup their initial costs and become better off than renters within five years on average as the value of their equity outstrips the value of savings.  Those with mortgages pay £316 more on average per month compared to those renting equivalent properties. But after seven years, the average owner is £13,850 better off compared to an equivalent tenant.  Read more on the Zoopla website.