"The step of ownership for many of your own home can be a serious barrier in terms of price," - says a leading mortgage lender in Barclays Andy Gray. "But in the long term benefits far outweigh the initial costs. Not only do you save money by becoming the owner of the property, but will have significant assets at the end of the repayment of a mortgage loan - ensuring a comfortable old age. For those who rent housing, the landlord will have to pay even from their retirement income, while owners can enjoy the minimum living expenses "- adds the expert.
Related article: Apartment as an investment
Data on the country vary considerably. So, buying a typical house in London, the owner will save £ 396 thousand as compared to renting the same house for 50 years. However, in the south-west of the country, this figure will be just £ 34 thousand, because the ratio of housing costs and rents are much lower. North-west - second only to London in the area of the country with a low value of the property, but the high rental rates. For 50 years, saving the landlord over the tenant will be here £ 300 thousand