UK homeowners still better off than renters despite spike in interest rates
Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowing
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: UK homeowners still better off than renters despite spike in interest rates

### Response: Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowing