More Than Half of First-Time Buyers in UK Pay More on Their Mortgage Than They Did in Rent

More Than Half of First-Time Buyers in UK Pay More on Their Mortgage Than They Did in Rent

Independent Journalism and Public Interest Reporting. Hamptons research finds that 56% of first-time buyers moving out of rented homes took on higher monthly mortgage payments in September, highlighting how rising borrowing costs have changed the financial case for buying. For many people renting in UK, buying a home has traditionally offered the prospect of lower monthly housing costs alongside the longer-term [...] This article was originally …

Renting now cheaper than buying - BuyAssociation Group

Rising mortgage costs mean most first-time buyers moving out of rented accommodation are now paying more each month than they did as tenants, reducing the financial incentive to get on the housing ladder and adding to the already considerable pressure on the supply of rental properties. New research from Hamptons shows that 56% of first-time... Read more »

Majority of FTBs' mortgage costs higher than previous rent

More than half of former renters who bought their first home in September have seen their monthly housing costs increase, new research has found. Hamptons

Most first-time buyers pay more than they did in rent

Hamptons' Aneisha Beveridge says higher mortgage rates mean the financial case for tenants to buy has been turned on its head.