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 Site Features: Calculators

Should I buy or rent?


Given the costs attached to buying a property, it can sometimes be worth renting instead, especially if you are only planning to live in your new home for a short period of time.

Fill out the form below to compare the total outlay over a set period of time involved in renting or buying a property of the same value. Hold your cursor over the various fields for a pop-up explanation of what the field value relates to. The fields are initially populated with some default values as a suggestion:

House purchase price

 

Mortgage loan amount

 

Annual rent on equivalent property

 

Rent reviewed every

 

Buying costs

 

Selling costs as a % of house price

 

Annual maintenance costs:

 

 

     - as owner occupier

 

     - as tenant

 

Average mortgage interest rate payable

 

Maintenance costs inflation rate

 

House price inflation rate

 

Initial tenant's free capital

 

Assumed net return on tenant's capital

 

Calculate for

 

 (48 max)

Conclusion

 

Renting is better for the first years

Calculate Calculate

 
     
     
 

 Site Features: Calculators

Simple rent converter

Work out weekly and monthly totals for any number of people sharing.

Buy or rent

Calculate whether you're better off to buy or rent, given a variety of costs, returns and other factors.

Repayment calculator

Calculate your monthly mortgage repayments over a set term or the whole life of a mortgage.

Mortgage payment schedule

Get a tabular or visual idea of what your payments will be like during the term of your repayment mortgage.

Compare 2 mortgages

The APR for a mortgage rate might be quoted, but you can still compare 2 schemes using this calculator.

Remortgage costs

Even if a remortgage offers a cheaper deal, switching costs such as early redemption penalties can make it a financially unwise move.

Return on investment

Examine the Return On Investment generated by rental property and the effect that mortgage borrowing has on the returns enjoyed.

 
     
     
 

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