First Time Buyers £ 27,000 Better Off Than Renters

First-time buyers are saving an average of £27,000 buying a property over those renting – almost as much as the average deposit (£31,751), new research from Halifax has revealed. The latest Halifax Buying vs Renting Review found that the average cost including mortgage payments of buying a three-bed home in the UK was £679 a month in December 2017, compared to the average monthly rent of £754 for the same property type. The gap between the cost of buying and renting is now at its highest in four years, up 44% from last year’s £623 saving to £900 a year. Read more on the Halifax website.

https://static.halifax.co.uk/assets/pdf/media-centre/press-releases/2018-02-17-halifax-first-time-buyers-27000-better-off-than-renters.pdf