Around 40% of homes are cheaper to buy than rent

According to Zoopla, four in 10 homes are now cheaper to buy with a mortgage than to rent due to lower-cost mortgages - a sign that ownership is becoming more affordable.

The study was based on comparing rents within the local area with mortgage costs and buyers putting down 20% deposit. The analysis indicates that homeownership is becoming more affordable, especially for first-time buyers.

The move shows that there has not only been an increase in properties available but also in criteria and lending costs. February 2026 has been recorded as the highest number of new listings for a decade.

There are around 6% more properties available compared to this time last year, according to Zoopla. Levels are due to increase further over the next few months, opening up more options for potential buyers.

The average mortgage rate has dropped to the lowest level it has been in four years. This is down to the base rate dropping and competition between lenders.

The property search site reports that 40% of properties listed on their site are now cheaper with a mortgage than to rent (assuming the buyer puts down 20% deposit). There are several areas, such as the North East, North West, and Scotland, where over 50% properties are cheaper to buy than rent.

If you are a first-time buyer and would like to know your affordability options, get in touch with one of our experts, who can assess your individual circumstances.

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