Buy or rent?
BUYING a property instead of renting will save people in the South West an average of £33,863. A report by Barclays showed that the average house price in the region was £170,261.
The price of buying a property, paying a mortgage and maintaining a home in the South West costs £306,637 compared to £340,500 in rent (at £6,810 in the first year). Initially it's cheaper to be a tenant, but rents inflate over time and owning property means financial security in retirement.
Andy Gray, head of mortgages at Barclays, said: "The cost of stepping on or moving up the housing ladder can be a big barrier for many, but the long-term benefits hugely exceed the initial expense."
Higher rates of inflation increase the value of owning compared with renting, because payments continue to increase with inflation over the long term; however, after a mortgage is paid off the only costs are maintenance and insurance.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Sunday, June 30 2013