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flag Buying a home with a 20% deposit saves British first-time buyers about 20% compared to renting, Zoopla reports.

flag Zoopla reports that first-time buyers in Britain could save around 20% on monthly payments by buying a home with a 20% deposit rather than renting. flag The average mortgage payment is £1,038, lower than the average rent of £1,248. flag Buyers need about £50,740 for a 20% deposit. flag In high-priced areas, rents rise due to demand, but in cities like Glasgow and Edinburgh, buying costs are more than 30% below renting. flag The Financial Conduct Authority is looking at simplifying mortgage rules to aid home buyers.

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