Glossary · Property
Rent or buy
Comparing the full cost of renting with the full cost of owning.
Buying costs include stamp duty, legal fees, mortgage interest, Local Property Tax, insurance and upkeep; you gain the property's value. Renting is simpler and leaves your deposit invested. The answer turns on prices, rents, rates and how long you'll stay.
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All terms · General information, not tax advice.