Renting
Freedom with responsibility

To Rent or Buy? - that is the question
here is no right or wrong answer to this one.  It will depend on your personal circumstances and everyone's are different.  It is widely considered, in this country, that owning your own property is desirable and the aim of most people long-term.  You may find either option is the right choice at different times of your life. 
Here are a few reminders:

Advantages: 
>No tie-up of capital lump sum
>Short-term commitment
>Flexibility to match your lifestyle
>No investment means no risks such as 'negative equity'
>Interest rate changes in the way they affect the mortgage rate will not be a concern for you

Disadvantages:
  X Rent you pay can never be an investment for you, but it will be for your landlord
X You are at the risk of being served notice to quit when you don't want to move
X The property is not your own and cannot be treated as such, someone else's permission has to be sought to make even small changes
X In a buoyant property market you stand to lose out on the potential investment in your home.  It is even possible you may never be able to make up the difference with house prices rising out of reach                     

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