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Are you considering the cost of Rent vs Buy? Are you wanting to work out which you can afford? If so...
There are other, more important factors to take into account when considering whether to rent or buy. You can find out more by completing:
The Loans Guidebook
Rent vs Buy Questionnaire.
"Why?" (you may ask)
The Rent vs Buy decision is far more than a simple financial one. Most rent vs buy calculators help you make a quantitative decision; ie: they work out whether it will cost you less to rent or to buy.
However, such calculators are only a minor part of the decision, because:
There are two ways you can consider the qualitative factors in your rent vs buy decision.
One is to list the most important aspects of your lifestyle, both now and in the future, and in different categories of importance. For example:
Then, for each aspect of your lifestyle, assess whether tenancy and purchase will support it or inhibit it. Pay particular attention to the more important aspects of your lifestyle
However, a better way is to complete
Rent or Buy Personality Questionnaire.
This is an online questionnaire (free and anonymous) that looks at your lifestyle and suggests which of eight property strategies may be best for you.