[It's Cheaper To Buy Than It Is To Rent...]

To buy:

http://www.rightmove.co.uk/property-for-sale/property-19633791.html

4 bedroom semi-detached house for sale£640,000

Stoke Goldington

From the nationwide mortgage site... £540K mortgage + £100K deposit....

5 years 4.84% 3.99% 4.6% APR £99 £3,106.65

cheapest deal;

2 years 3.79% 3.99% 4.2% APR £999 £2,788.07

Or rent...have all the maintenance done, no worry about interest rates taking that payment up to 6K a month, no house insurance, no ties, trash the joint if you so desire.....all for:

http://www.rightmove.co.uk/property-to-rent/property-35520347.html

4 bedroom semi-detached house to rent

£1,850pcm

Maybe 12K better off per year renting....not to mention the stress above worrying you property might half invalue.

Bargain.

Look at it a different way. You can get an absolute maximum of 3% interest in a no-notice account. £640,000 x 3% = £19,200

Rental income = £1850 x 12 = £22,200 (say £20k after EAs rental fees)

Not an overwhelming case for selling the house. IRs need to rise and then the sh1t with hit the rotating bit of metal.

[Prices In Esher/elmbridge]

I know it's only an asking price, but feck me it's a small semi with small proportions.

http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=9492540