Is home ownership the only way to go?

  • Decision to rent for life — or at least in the meantime
  • Weighing up the finances
  • Need to save big retirement sum
  • Short-term pluses of renting
  • Short-term minuses of renting
  • Longer-term issues
  • Psychological issues

Mary Holm is a freelance journalist, a director of Financial Services Complaints Ltd (FSCL), a seminar presenter and a bestselling author on personal finance. From 2011 to 2019 she was a founding director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it.