Rent vs Buy Calculator
Compare renting costs with buying and potential equity.
Enter your assumptions
£
£
£
%
years
years
%
%
Rent vs buy calculator guide for UK homeowners
WeCovr's rent vs buy calculator helps UK households compare long-term costs and equity, supported by FCA-authorised guidance and 900,000+ policies issued across protection products. It provides a simplified comparison, not advice.
What this rent vs buy calculator compares
The calculator estimates mortgage payments, equity buildup, and rent growth over a chosen time period. It provides a high-level comparison rather than a definitive recommendation.
Actual outcomes depend on rates, fees, maintenance costs, and market conditions.
Estimates mortgage payments and equity.
Projects rent and home price growth.
Highlights total rent versus total mortgage paid.
Key factors that change the result
Interest rates, property growth, rent inflation, and maintenance costs can materially change the outcome. Consider testing multiple scenarios.
Why WeCovr supports home protection
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance.
Data sources and guidance references
This guide references FCA guidance on mortgages and UK housing market trends for context.
Renting vs buying overview
| Path | Upfront cost | Long-term value | Best for |
|---|---|---|---|
| Renting | Lower | No equity | Flexibility |
| Buying | Higher | Equity growth | Stability |
| Wait and save | Medium | Higher deposit | Future buyers |
Related WeCovr resources
FAQs
Does this include stamp duty and fees?
No. It is a simplified model. Consider adding purchase costs and maintenance separately.
Is buying always better than renting?
Not always. It depends on your timeframe, market conditions, and lifestyle needs.
Can I change the growth assumptions?
Yes. Adjust rent and home price growth to test different scenarios.
Should I protect a new mortgage?
Many homeowners consider life cover to protect the home if income stops.