Property buyers in the UK paid £100 less than the tenants

People who bought property in the UK involving mortgage lending pay less than the same rent the property. The main problem that stands in the way of property buyers in the UK is a large Deposit for customers.

The only region that has a exception to this rule is South-East England, where the buyer pays a monthly average of £965 pounds, despite the fact that the comparable property tenant pays each month is £900.

If you take average figures across the country, the buyer of a flat or home three bedrooms to December 2015 paying £672, which is £72 or 10% less than a tenant of the same housing, which is forced to pay £744.

The difference between the monthly payments when buying and renting has grown over the past year., increasing the gap.

The average rent has increased over 5 years from 2010 by 23% from £605 to £744, and the payment upon purchase increased in the same period by 17% from £572 to £672 – i.e. exactly £100.

The best is to buy in the North-West region of the UK, where the buyer pays just £525 every month and the tenant £658 savings as much as £133 each month!

Followed by Scotland, where the buyer pays £525, £120 less than the lessee, then Wales, where the buyer saves compared to tenant £103.

This situation has arisen due to historically low interest rates for mortgage lending and at the same time the rising rents due to the widespread shortage of property for rent. A major role in the economic advancement of home buyers in the UK played a program of government assistance such as “Help to buy”, when the buyer, instead of the traditional 20% -25%, it was necessary to pay only 5% to get a mortgage.

® Alice Morgan 16.02.2016 G.

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Mortgages in the UK