Now cheaper to buy than rent in 4 out of 5 UK citues

Zelazny

Somewhat dubious article, methinks:

"Even in London, it is still 16 per cent cheaper to buy a home on an interest-only basis than it would be to rent a comparable property."

So if the property value goes down, I'm guaranteed to be in negative equity? Sounds like a great deal to me! And being the "owner", I'd have to pay for any repairs myself, like if the boiler went, or the windows needed replacing (both of which have happened to me in the last two years, and were paid for by the landlord).

Out,_Vile_Jelly

nollag2006 wrote: »

It's cheaper to buy in four out of five British cities - even in London!

http://www.dailymail.co.uk/news/article-2003566/Finding-hard-renting-house-Its-cheaper-buy-British-cities.html?ito=feeds-newsxml

Great! Now I just need to extend my overdraft to £70,000 for the deposit and I'll definitely be richer each month.

FTBFun

Out,_Vile_Jelly wrote: »

Great! Now I just need to extend my overdraft to £70,000 for the deposit and I'll definitely be richer each month.

Crikey, what sort of place are you after?

Pimperne1

FTBFun wrote: »

Crikey, what sort of place are you after?

He's possibly already got an overdraft of about £40k and just needs the other £30k for a 20% deposit on the average house.