I'm in the uk, fraid to say yes this the case with a but! Rental is pricey...here it comes..but...no 20% deposit. Here the deposit for a normal house is about £30-40,000 or $45,500 but at v low rates the mortgage itself is low, with limited stock rental is about £1000 pcm at least here in the southern uk. Hope that helps.
M:44, W:46, S:10 M 13 years, T 15 BD:23/7/2014 W/S Moved to MIL: 23/7/2014 My new place: 21/11/2014 W/S back to flat 22/11/2014 W coming closer, talking 4/2015 Piecing 5/2015 Moving in again 6/2015