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Advantages-disadvantages of renting or buying property

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Marvin is currently renting and has saved up what he considers a sufficient home deposit. Outline the various advantages and disadvantages of renting or buying a property. In addition identify the various costs of buying a home (other than the purchase price), that you as a financial advisor would need to discuss with Marvin. How would these costs impact on the amount that Marvin can borrow?

Reference no: EM133059911

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