Saturday, 28 January 2012
House prices and plummeting mortgage charges mean you could save £1,400 a year by owning a house instead of renting!!
A recent study has revealed that by owning your own home rather than renting, you could be saving nearly £1,400 a year! Recent mortgage deals mean that you can now pay roughly £600 per month for a standard house with three bedrooms. This is £116 cheaper than the average rent expected for such a property, which is usually around £716.
In contrast to this, homeowners in 2008 paid an average of £928 a month, which is a massive 29% more than the then typical rent.
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