Tenants pay more than owners

Tenants pay significantly more by renting than owners do servicing their mortgages, according to figures out yesterday. Renting costs 14 per cent more on average, Zoopla.co.uk said yesterday, and it is cheaper to service a mortgage than to rent in 86 per cent of UK cities. The gap is narrowest in London, Zoopla said, where renting is only two per cent cheaper.