The official Government Right to Buy website

Comparing costs as a homeowner and tenant

Being a homeowner can bring many benefits, but it also brings important responsibilities. Use this section to help you work out the costs, benefits and drawbacks of home ownership for you.

Fill out the table below to help you work out your current monthly outgoings as a tenant, and compare that with the costs of being a homeowner. When working out what you can afford, it’s important to put in all of your outgoings, such as food, clothes, utility bills, car, etc

Please note: Enter figures with decimal points for example £25 should be entered as £25.00.

One-off costs when you buy Amount
Legal fees
Survey fees
Stamp duty
Other costs
Total
Income (monthly) Now (tenant) Homeowner
Wages
Housing benefit
Other income (benefits, etc)
Total
Ongoing costs (monthly) Now (tenant) Homeowner
Mortgage or loan payments
Rent
Council tax
Utility bills
(water, electricity, gas, telephone etc)
Insurance (buildings and contents)
Life assurance and illness cover (if applicable)
Internal upkeep/maintenance
(repairs to heating systems, DIY, etc, if applicable)
Major repairs/improvements (if applicable)
Service charges and ground rent (if applicable)
Other costs (general living expenses such as food, going out, clothes, etc)
Total
Now (tenant) Homeowner
Total monthly income
Less monthly outgoings
Your money left over each month

Contact us

For free, friendly, impartial advice contact the Government's Right to Buy Agent service. Our advisers are available Monday to Friday, 8am to 6pm. Please remember to give the name of your landlord in any correspondence.

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