Owning is cheaper than renting

11th November 2016

According to the credit-checking agency Experian, rising rents and falling mortgage payments mean that it is now cheaper to buy a home than to rent one in 13% of the country. Rents have also risen in 217 districts of the 372 local authority districts in the past year and mortgage payments have fallen in 248. findings suggest that if they could raise a deposit many of the UK's 4.3m private tenants would find their mortgage repayments to be affordable, Jonathan Westley, of Experian, noted.

The Times (07/11/2016)