Buying a first home now far cheaper than renting

20th February 2015

The Halifax has found that a mortgage on a first home is now £742 cheaper than renting a similar property. Five years ago, renters paid around £15 less each month than those buying their own home, but now they pay £62 more. In London, the differential grew to £112 a month, the biggest UK-wide in cash terms.

The Guardian (14/02/15)