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Evening Standard
Evening Standard
National
Anna Wise

Cheaper for Britons to rent than buy after mortgage rates rise ‘sharply’

It has become cheaper to rent a home in Britain than to buy it for the first time in 10 months, Rightmove says (Jonathan Brady/PA) - (PA Wire)

It has become cheaper to rent a home in Britain than to buy, following a sharp rise in mortgage rates since the war in Iran, new figures show.

The cost of a typical new mortgage payment has overtaken the average rent for the first time since June last year, according to analysis by Rightmove.

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