Buying or Renting

Buying or Renting

Do I buy or do I rent?

In 2017, there were nearly 19.9 million homes owned by the occupier, and just over 7.7 million rented homes in the UK. Whether to buy or to rent depends on a wide variety of factors such as financial situation, lifestyle and personal preference.

Some people decide that they prefer to rent rather than having the responsibility of

Others choose to buy a house instead of renting because:

Renting a home

Renting is not only about paying a monthly rent. Other costs associated that many of us tend to neglect are:

Further information

The Which? website has some interesting reports and information about mortgages.

In-depth information on mortgages and housing can be found on the BBC website.