We do not have the best rating, but a large deposit (40-50%). We currently rent £ 75 pw, it would be better to earn interest on a mortgage or rent paid for 5 years while we save. The amount of the mortgage would be £ 40k.

There is no answer to your question guarantees a property is now a game of chance, but in the long term, it is generally buy more profitable. Property prices are not as high as they were due to the recent recession and it’s a buyer’s market, so you can make offers and we hope a good deal.

You spend money for the rent at the time just goes into someone else threw in the bag. Moreover, with such low interest rates to save money earns very little interest.

If you would be a repayment of the mortgage for EUR 40 000 had 20 years to take your monthly repayments based on an interest rate of 5% to be about £ 265th After 5 years, if the interest rate unchanged at 5% you took payments of about £ 9500 in interest and some. £ 6,500 mortgage. Monthly payments would be less than the current rent and if you can afford to pay more, you can reduce the duration or a flexible mortgage so that you pay too much. Otherwise, you can put a product where all the money you earn from the equilibrium of your mortgage be deducted by the amount of interest you pay, which means that you can repay the mortgage more quickly than more money to reduce used to the debt not only interest clear. With mortgage rates higher than the rate of interest savings is an ideal way to use your savings to reduce your debt while allowing you access should you need it.

The bet is that no one can predict with certainty what will the real estate market and if your house is up or down in value. However, the prices of goods would fall a long way for you in negative equity with a deposit of 50%. In addition, negative equity is not really important when you move. If prices fall and will allow your circumstances, the best thing to do to remain seated and wait until the rotation is expected to increase for inflation by means of long-term prices.

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