The monthly cost of buying your own home is now more than £130 a month cheaper than renting.
Rising rent payments combined with lower property prices and mortgage rates now mean that property buyers pay 18% - or £132 - a month less on average than those who rent, according to Halifax.
The lender says that average monthly costs for buyers of a typical three-bedroom house - including mortgage, maintenance and repair - were £600 in June, against £732 in rent.
Rent payments have risen steadily in the past few years, up 5% in the past year alone, while buying costs have fallen 3%.
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