Thursday, July 22, 2010
Areas cheaper to buy than rent
An interesting article outlining the areas across the UK where it is cheaper to buy a property than to rent.
According to research by Zoopla it is still cheaper to buy a home than renting in 74% of locations around the UK .
With average monthly mortgage repayments typically 8% lower than the cost of renting the majority of the UK.
The areas that the research show as been cheaper to rent than buying are Huddersfield , Oldham, Brighton, Swansea, Bournemouth, Bristol, Cardiff, Plymouth, Stockport and Edinburgh.
Most of these are university towns and maybe are the areas that landlords should steer clear of investing in at this time according to Citywire.
BTL mortgage search tool
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