19th June 2024
Renting Still Cheaper Than Buying with a 5% Deposit
Would-be buyers with a 5% deposit face paying £300 per month more in mortgage repayments than if they continued renting, says Hamptons.
The mortgage rate would need to fall from 6.1% to around 4.2% to make the monthly cost of renting and buying in Great Britain similar.
Higher mortgage rates mean buying with...