Homeowners are up to £326,214 better off than those who rent over a 30-year period, according to an analysis of housing costs.
The net cost of renting privately for thirty years costs more than £474,000 compared to paying a mortgage over the same period which costs around £148,000.
Analysis by the Equity Release Council (ERC) found that those who own a home made lower total payments at £357,476, whereas total payments for those who rent privately ran to £474,461.
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