Renting can work out cheaper, but owning a home is still a good investment

People renting a home pay 43% less than home owners for housing costs and could see savings of £77,241.61 over a standard 25 year mortgage period, new research shows. The best savings can be found in London and Bristol, according to the study into housing expenses, with insurance and maintenance costs driving factors in higher costs for home owners. Lending experts Ocean Finance analysed monthly housing expenses data from the Office of National Statistics, and talked to 2,000 UK home owners and rental tenants, but while savings can be made, buying a home is probably still a better investment overall.