If you’ve ever been torn between renting a property or saving to buy one, then you’ll know how difficult it can be to decide which option to go for. We’ve all heard the dreaded stories of crazy landlords, hidden charges and dodgy properties that come along with a tenancy agreement. And now that one in four young adults aged 20-34 still live at home with their parents in an effort to save money, it should come as no surprise that renting in the UK has quite a stigma attached to it.
But is renting really all that bad for you and your wallet? The growing pressure to step onto the property ladder often leaves people unsure of the facts when it comes to renting and the options available – especially as house prices continue to rise year upon year. So before you dismiss renting as an option, hold fire. Here we’ve broken down the true differences between renting and buying so that you can learn a few facts and make the right property choice for you!