Cheaper to rent in some regions

iStock_000007328454XSmallNew research, from mortgage giant Santander, reveals that in some areas of the UK it could be cheaper for prospective first time buyers to continue to rent, rather than buy a home. The research suggests that first time buyers in in London, the South East and perhaps surprisingly, Scotland, will find it cheaper to continue renting compared to buying a home. First time buyers in the capital face an average monthly mortgage outlay of £1,342 compared to an average monthly rent of £864....