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Bad use of money, certainly in the UK mortgages are cheaper per month than renting and that's not counting the value of the asset..
by C1sc0cat 7y ago
Bad use of money, certainly in the UK mortgages are cheaper per month than renting and that's not counting the value of the asset..
- ukoki 7y ago> UK mortgages are cheaper per month than renting That's definitely the case outside of London where rental yields are higher but London rental yields are averaging 3-4% [1] (lower as you go up the ladder). Mortgage rates are currently a bit cheaper (1.5-3%) but owning a home also incurs additional costs such as stamp duty, repairs and (sometimes) ground-rents. 1. https://www.knightfrank.co.uk/research/uk-residential-investment-yield-guide-january-2019-6071.aspx https://www.knightfrank.co.uk/research/uk-residential-invest...