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@lucky_saddle
Ha Ha!
Seriously, the costs of owning are far more than comparing the mortgage payments with rent. All the additional costs and responsibility each month need to be considered. One off costs too, such as Stamp Duty, which alone could cost a years worth of rent!
If you are looking at buying as an investment or to stop 'throwing money away on rent', I would reconsider. If you are wanting to set up a home and are thinking longer term - minimum 5 years, then look into buying.