Its cheaper to buy a 2 bedroom apartment than rent one….. by £100 per month!

Halifax says that first-time buyers would find it £100 cheaper a month to buy rather than rent at present. These stats were found with the recent Buying vs. Renting Review, which looked at the changes in the cost of buying and renting a typical two bedroom flat since 2008. The study by Halifax has found that the average monthly cost for a first-time buyer to buy a 2 bedroom flat in the UK stands at around £567, 16% less than what it costs to rent a similar abode.