The Cost Of Keeping A Roof Over Your Head

THE COST OF ΚΕΕΡING Α ROOF OVER YOUR HEAD RENTING VS BUYING IN 2015 FIRST TIME BUYERS CAN SAVE £672 A YEAR WHEN COMPARED WITH RENTINGA3 BEDROOM HOUSE THAT'S ANDAN EXTRA £56 8% PER MONTH IN YOUR BACK LOWER POCKET THE AVERAGE MONTHLY COSTS FOR A FIRST TIME BUYER ONA3 BEDROOM HOUSE IN JUNE 2015 WAS £666 THE COMPARABLE RENTAL COSTS ARE £722 MORTGAGE APPROVALS ARE ON THE RISE... UP BY 3% IN JULY 2015 HIGHEST SINCE LAST FEB THIS IS PARTLY DUETO ALLTIME LOW MORTGAGE INTEREST RATES THROUGHOUT 2015 THE COST OF RENTING CONTINUES TO RISE... FOR RENT MAY- JUNE - JULY '15 INCREASED 11.8% ON LAST YEAR * DATA FROM HOMELET RENTAL INDEX AVERAGE MORTGAGE RENTAL COSTS REPAYMENTS ACCOUNT FOR AN ACCOUNT FOR AVERAGE OF 18% 34% HOUSEHOLD INCOME HOUSEHOLD INCOME IN JULY 2015 FIRST TIME BUYERS PAID AN AVERAGE OF £215,000 AVERAGE RENTAL COSTS HIT £937 PER MONTH AVERAGE FIRST AVERAGE TIME BUYER DEPOSIT NEEDED HAS AN ANNUAL TO BUY INCOME OF IN 2015 IS £39,000 £29,000 BUY RENT LIFETIME RENTERS COULD PAY LANDLORDS £296,000 + THAT'S THE COST OF: 5 BEDROOM DETACHED 3 BEDROOM TERRACED PRESTWICH, MANCHESTER EASTVILLE, BRISTOL FOR THOSE WHO WANTTO BUY... HELP IS AVAILABLE GOVERNMENT'S HELP TO BUY Help REQUIRES to Buy/ 5% DEPOSIT ONA75% MORTGAGE 'EQUITY LOAN' AVAILABLE ON NEW BUILD HOMES SEEK INDEPENDENT FINANCIALADVICE & YOU MAY FIND THAT GETTING A MORTGAGE IS EASIER THAN YOU FIRST THINK!