Renting now cheaper than buying a home, Hamptons says

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There are only four regions in the UK where it is cheaper to buy a home than to rent a property….

As a result, a typical first-time buyer will now find it cheaper to rent than buy on a monthly basis, with a monthly average of £1,054 spent on rent compared with £1,125 on mortgage repayments – the first time since December 2014 that renting has been cheaper than buying.

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