In Britain the majority of folk have mortgaged themselves up to the eyeballs but the rest of Europe all rent. So why do we have a different way of life in England? I was brought up to believe that you need to save for a deposit for a house and then take out a mortgage as renting ‘was a waste of money’!

At least with a mortgage you end up with something you own – even if it takes 20 years to pay off. But with renting you can pack and move around when the mood suits as you don’t have any ties.

So guess it’s each to your own and if your happy to settle and have the commitment of a mortgage or if you’re more of a traveler and like to move around.