Renting now cheaper than buying a home, Hamptons says
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.