Buy flat or rent?

[WhaatNext]

After divorce I have worked out I could afford a two bed flat. However I currently have a stocks and shares ISA which I use to provide an income. I am wondering whether to keep it invested as it is and rent. It is well diversified and long term the risk is very low. I will have a pension to live off, but the ISA would give me extra income. If I buy a flat I lose the income. Does anyone have any thoughts?

If you rent you will be at the mercy of the landlord - whether they choose to fix problems, put the rent up or ask you to leave so they can sell. So even other things being equal with finances I think buying would give you security which would enhance your quality of life.

Definitely security of your own place, that way you can buy new things ie carpet, bathroom
and know you will be getting colour choice you like

renting
wont be your colour scheme
landlord may not do repairs when things need doing
9/10 it’s a pay as you go gas/elec, which cost more
rent will go up every year
landlord could sell anytime

I think generally if you can afford to buy then thats a better position to be in than renting, always.

This only makes sense if the income is more than your rent, and guaranteed to be more than your rent in 20-30 years time.

I would buy - you'll have the security of your own place.