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Coming off the property ladder?
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if the interest part of the mortgage was £600 and repayment £300 per month then you would have paid £36,000 capital off the mortgage. That's worse than the first example of renting and saving.0
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But if the figures were reversed you would have paid off £72K.
However it's your choice what you do in this situation, I only put forward a hypothetical scenario for your consideration. On reflection there probably is no right or wrong answer, just what suits you at this particular point in your life.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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