Mortgage costs cheaper than renting

Buying a home instead of renting could save the average property owner £352,500 over 30 years. The Intermediary Mortgage Lenders Association calculated that monthly mortgage repayments on the average £230,000 home could be £133,700 cheaper than paying rent over the period, thanks to historically low mortgage interest rates. Buying would also net the homeowner £218,800 in equity from paying off their initial 95% LTV mortgage.

Daily Mail (22/10/2019)