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Is There Really Much Difference In The Monthly Cost Of Buying And Renting?

Rising house prices and recent interest rate hikes means that it is now only 5,811 pounds cheaper to buy than rent, over a 25 year period, according to Abbey. The staggering results are different across areas of the UK but Abbey say the difference between buying and renting last year was 24,000 pounds. So in the last year the combined affect of interest rate rises and house price increases have slashed the gap by 76 per cent!



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