Renters are paying thousands more than homeowners in one Scottish city — the biggest difference in all of the UK
The most expensive plant in the UK to rent rather than pay a mortgage has been revealed to be Glasgow.
The average monthly rent is £867 in Glasgow compared to £652, the average monthly mortgage payment for a first home - the largest difference found by Rightmove across the UK. Dundee comes in fourth place for cheapest city to buy, with homeowners paying an average of £555 a month. Across Great Britain, a typical first-time buyer home is now a record £226,399 and the best-buy rate on a five-year fixed, 90% LTV mortgage is now 4.45% - up from 2.79% this time last year.
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