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.
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