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by michaelscott
2819 days ago
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As with conveyancing or transfer fees, a downpayment can be negotiated into a mortgage loan. Extra expenses should remain with the owner, since it is their asset. Everything else you've mentioned would be a corner case at best and not applicable to the average person looking for somewhere to keep the rain off their heads. |
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Sure, but it drives up the mortgage cost (both because the principal is higher and because interest rates are higher with lower downpayment), so the rent being higher than the actual landlord's mortgage doesn't mean that it is higher than your mortgage for an equivalent property purchased at the same time.
> Extra expenses should remain with the owner, since it is their asset.
Whethe it should or not, those costs can be a reason to prefer renting over ownership even with a slight premium of rent over mortgage cost.