First-time buyers are at least £800 a year better off than renters, figures show.
Halifax said the cost gap between being on the property ladder and renting has widened over the past year.
Its “buying versus renting” review found that average monthly rental costs have increased by 10% to £821 in the past year, while the average monthly costs of being a first-time buyer home-owner have increased by 1% to £753 during the same period.
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