Relocation Agent Network, the national network of independent estate agents of which Lednor & Company are a member asked its members whether it was cheaper to buy or rent a three-bedroom house over the course of a calendar year. 85% said that it was cheaper to buy.
The national survey also looked at the possible savings you could make when buying. Based on a three-bedroom house, member respondents were asked what they estimated the annual saving was from buying a property instead of renting one. Nearly a third (31%) of member respondents stated that it was possible to save up to £1,000 a year, with another 27% indicating a potential saving of up to £1,500 could be made.
As more buyers begin entering the market, it would appear that it is due to more availability in the mortgage market, with the majority of Network members (37%) indicating so.
Andrew Barber from Lednor & Company, the member of Relocation Agent Network in Bishop's Stortford said, “Our Network survey results demonstrate that buying really is the preferred option in terms of cost saving. Lednor & Company understands that getting onto the property ladder can be challenging, but we’re here to help and guide you through the buying process. Contact us today to discuss your options. As the area’s Local Expert, we’d love to help you.”
About Relocation Agent Network. Relocation Agent Network is a national network of specially selected estate agents. All members are handpicked after thorough checks identify them as the best estate agent to represent Relocation Agent Network in their area. The Network provides coverage throughout England, Scotland and Wales. Relocation Agent Network is a division of Cartus, the premier provider of global relocation services, with more than 171,000 customers moved worldwide every year. In the UK, Cartus uses Network members to buy and sell homes for these relocating families. As well as relocating families moving with Cartus, Relocation Agent Network helps house movers in other parts of the country by referring buyers and sellers from one area to another.
Contact: For further information, please contact Andrew Barber, Lednor & Company, 01279 505055/andrew@lednor.co.uk.
