Britain’s property market is so hot that getting on the property ladder is virtually impossible for large swathes of the population.

House costs exceed salaries by more than ever before, and in London, to buy a bog standard home, people need to earn £140,000 a year, more than four times the £30,338 average salary in the capital.

But despite seeming out of reach for lots of people, it’s actually the best way to go about saving money on accomodation, according to new research from Santander.

Rental prices now outstrip the cost of mortgage payments in every region of the UK, the read more >>>

Source : BusinessInsider.Com