Is renting better than buying? It might just be as there has been a new development in the eternal renting versus buying debate. This comes as Zoopla reports shocking new statistics showing that on average, renting is cheaper than mortgage repayments for first-time buyers in the UK.
Despite rent prices skyrocketing all over the country, it turns out that the typical UK monthly rent is £122 lower than first-time mortgage repayments. Mortgage rates continue to soar, which pushes repayments up.
