Renting for life in London costs over £400,000

A report from Santander suggests that the bill for lifetime renters in London is upwards of £410,400, based on current rental prices — compared with £296,000 in the rest of the country.

Santander’s head of mortgages, Miguel Sard, claims the figures prove the financial benefits of home ownership.

“Renting may appear to be the most financially viable option for some people, but in the majority of cases it isn’t the most cost-effective,” he says.

Source: The Times Evening Standard

We say: Yup: as a rule, all other things being equal, buying outright is likely to be cheaper than renting. So maybe we’ll see a return of slavery soon. Hmm. Maybe you can take economic analysis too far.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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