Use our calculator to compare the long-term costs of buying vs renting a property in UK. This tool helps you make an informed decision based on your specific financial situation and local property market conditions.
Input Parameters
Results
Total outcome after 20 years:
Buying outcome: £0
Renting & Investing outcome: £0
Overall Difference: £0
Recommendation:
Crossover point:
Buying outcome: Total costs of buying and maintaining the property, minus the final value of the home. A positive number means a net cost.
Renting & Investing outcome: Total rent paid, minus the value of investments. A negative number means a net gain.
Overall Difference: How much better off you'd be financially by choosing the recommended option.
Crossover point: The year when the financially better option changes. Before this point, the other option was better.
Understanding the Results
This calculator compares two scenarios over 25 years:
- Buying a home, building equity, and potential property appreciation.
- Renting a home and investing the money that would have been used for a down payment and the difference in monthly costs.
The lower net cost indicates the financially advantageous option based on the provided inputs and assumptions.
Want to know more about how this calculator works? Check out our How It Works page.
Understanding Your Results
The calculator compares the total costs of buying and renting over the specified period. It takes into account factors such as mortgage payments, property appreciation, rent increases, and potential investment returns. A lower total cost suggests that option may be more financially advantageous in the long term.