Given the figures are in pound sterling, quite often in the UK the mortgage payments are signficiantly lower than renting, 100% makes sense when in the context of the British housing market.
Mortgage payments are almost universally lower than rent payments. With rent, you’re paying for upkeep, maintenance, administration, a profit margin and the landlord’s mortgage.
Mortgage payments are almost never lower than rent unless you are seriously downgrading
Given the figures are in pound sterling, quite often in the UK the mortgage payments are signficiantly lower than renting, 100% makes sense when in the context of the British housing market.
Mortgage payments are almost universally lower than rent payments. With rent, you’re paying for upkeep, maintenance, administration, a profit margin and the landlord’s mortgage.
I bought my first apartment because it was like €500 per month cheaper than renting a similar place. ¯\_(ツ)_/¯
Here in the UK rent is always much higher than mortgage payments. Where do you live?