Renting more expensive than owning a property in the UK

[Phil Brown 36]

Renting now more expensive than buying in all areas of UK

By Emma Simon 20^th June 2018 10:04 am

 

Average rental prices are now higher than average mortgage repayments in every region of the UK, according to research from Santander Mortgages.

 

According to Santander the average rent in the UK now stands at £912 per household, compared to monthly mortgage repayments of £723 for the average first-time buyer.

This equates to savings of £189 a month or £2,268 a year for the typical first-time buyer.

 

Read the full story here: https://www.mortgagestrategy.co.uk/renting-now-more-expensive-than-buying-in-all-areas-of-uk/?platform=hootsuite

[ChengCheng 0]

Hi Phil,

 

Do you think now is a good time to do sub-letting business rather than buy-to-let?

 

Sub-letting in terms of renting the property from the owner/developer, sub-let it to long-term tenants /or do air-b&b.

 

 

[chloe williams 3]

Interesting statisctics, though this has been in motion for some time with more people renting than before. Definitely expected to see something like this happen