Q&A: Chosing between renting and buying
Am I better off continuing to rent or risk going for a 100% mortgage?
This week's expert, Sophie Curtis from Savills in London suggests:
It is really a gamble either way. You are better off renting if you are risk-averse, especially with interest rates likely to increase and talk of a possible 'crash' in the housing market.
However, if you continue to rent, sales prices may keep increasing and it will be harder to get on the property ladder.
If you decide to buy and go for a 100% mortgage you are banking on the value of the property increasing and it would probably be better to go for a fixed rate repayment mortgage.
