![]() The permanent reduction in price is across all eight lines of Tesco's own-brand F&F period pants, with a three-pack reduced to £14.40 from £18.00 and a single pack of pants reduced to £6 from £7.50. ![]() The 20% reduction in price brings the pants in line with other period products which have been exempt from VAT since 2021, the supermarket said. ![]() Tesco has become the first retailer to cover the cost of VAT on its range of period underwear amid calls for the government to remove the tax on the items. Richard Donnell, head of insights at Zoopla, told the BBC that while the picture varied across the country "in areas with lower house prices buying is still cheaper than renting". It comes after the City watchdog suggested last week that one in 10 interest-only mortgage holders might be "overly optimistic" about paying off their debt when the time comes. This means that first-time buyers are paying an extra £122 per month on a mortgage.Īnalysis also shows that first-time buyers in London are now forking out an additional £493 per month on a mortgage compared with if they rented the same property.īut the change in trend has not affected northern England and Scotland, where it still works out cheaper to buy a property than rent one. It is now cheaper to rent a home than buy one for the first time in 13 years, research from Zoopla shows.įigures from the property website show that average mortgage repayments are £1,285 for first-time buyers on a 15% deposit while the average UK rent is £1,163 per month, the BBC reports.
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