Why rent when you can buy?

In April, according to Zoopla. The average rent rose by £80 per month compared to the previous year, reaching £1,226. There were still 15 people on average competing for each rental home. Additionally, rents continue to grow faster than earning and Zoopla estimated rental price growth to 5% in 2024.

Certainly! When comparing buying a home to renting, there’s no one-size-fits-all answer. However, owning a home often provides better long-term value than renting. Let’s explore some key points:

Cost Comparison:

Buying: Owning a home is typically cheaper in the long term, assuming you can afford the upfront costs and qualify for a mortgage. Your monthly payments contribute to ownership.

Renting: Renting is usually cheaper in the short term, especially if you can’t save a large sum for a mortgage deposit. However, you’re essentially paying someone else’s mortgage.


Renting: Offers flexibility. You can move frequently without the hassle of selling a property.

Buying: Better suited for those seeking permanence. Moving is costly, so buying makes sense if you’re ready to put down roots.


Buying: Builds equity over time. Your home’s value may appreciate, and you gain a sense of pride and accomplishment.

Renting: No equity, but you avoid maintenance costs.


Buying: Monthly mortgage payments act as forced savings, increasing your net worth.

Renting: No such savings mechanism.


While renting suits those who value flexibility, buying a home offers long-term financial benefits and a place to call your own. Speak to our friendly sales teams today about the different ways we can help get you moving.