Rent vs Buy: £600,000 Property vs £2,200 Rent
Comparing a £600,000 property (10% deposit, 4.8% mortgage rate) against £2,200 monthly rent, over 10 years, under typical growth assumptions.
Buying looks cheaper by
£154,144
Change the assumptions
The figures above use typical assumptions. Use the full calculator to try your own deposit, rate, growth rates and time horizon.
Rent vs Buy
Buying Looks Cheaper By
£91,479
This compares net cash position, not just rent versus mortgage payment: buying nets off mortgage equity and property growth against everything you've spent (deposit, costs, mortgage, maintenance), while renting nets off any investment growth on the deposit money against rent paid. Real markets, rates and rents don't move in a straight line, so treat this as an illustration of the trade-off, not a prediction.
About this comparison
This assumes a 10% deposit, a 4.8% mortgage rate over a 25-year term, 3% annual house price growth, 4% annual rent growth, and 1% annual maintenance costs. None of these are guaranteed - real markets move unevenly, so treat this as an illustration of the trade-off, not a forecast.