First-time buyers are not the only ones weighing up rental costs versus mortgage repayments, with a new report on the mortgage market showing that those in arrears also face a rent-or-buy dilemma.
An economic analysis of the mortgage arrears crisis, conducted by Ronan Lyons, assistant professor of economics at Trinity College Dublin on behalf of Ulster Bank, found that many homeowners were better off making mortgage repayments than paying rent.
The report concluded that, particularly...
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