New research released by Santander has concluded that the vast majority of first-time buyers for a home credit deal would be better off purchasing a property as opposed to renting one.
Following the government's pledge to help first-time buyers get their foot on the property ladder by increasing the number of new homes available, the mortgage lender conducted a study into the property market in the UK.
It found that, in the aftermath of the worst of the global economic downturn, average monthly rental prices now exceed those for the average repayment on mortgages in every area of the country apart from London.
Wednesday, 16 June 2010
Monthly Rents Excede Mortgage Repayment- Except London
