Mortgage statistics 2025: What’s the average UK mortgage?

From the average monthly payment to the number of outstanding mortgages, here are the latest mortgage statistics.

We explore all the latest mortgage statistics, including average mortgage size, monthly payments and debt, to see how the market currently sits and how much the average person has left in their bank balance after paying their mortgage.

Mortgage statistics UK: Highlights

  • The average monthly mortgage payment on a house in the UK is £1,253 according to the latest figures.
  • The average size of a mortgage taken out in the first quarter of 2025 was £225,672.
  • The average outstanding mortgage debt per household in the UK is £136,510.
  • In June 2025, the average 2-year fixed-rate mortgage interest rate for a 25% deposit was 4.32%. It was 4.49% for a 15% deposit and 4.78% for a 10% deposit.
  • As of March 2025, there were 12.4 million outstanding mortgages in the UK totalling around £1.7 trillion.
  • In April 2025, the average house price in the UK was £265,497.

What is the average mortgage size in the UK?

The average value of a mortgage taken out between January and March 2025 was £225,672, up 7% from the previous quarter.

The number of mortgages taken out has increased from the previous quarter, with a total of 355,087 mortgages secured on residential homes.

The number of mortgages taken out hit the lowest number since June 2020 in the first quarter of 2024, with 280,775 mortgages taken out.

Mortgage rates have remained high for the past couple of years, but are gradually beginning to drop now as the base rate comes down, which perhaps explains why more people are taking out a new mortgage.

Made with Flourish
Period
Number of mortgages taken out per month
Average mortgage value (£)
Mar 25
355,087
£214,818
Dec 24
336,205
£200,297
Sep 24
326,698
£196,573
Jun 24
322,202
£185,585
Mar 24
280,775
£180,458
Dec 23
292,473
£183,949
Sep 23
323,833
£189,490
Jun 23
294,460
£176,190
Mar 23
317,244
£184,375
Dec 22
405,322
£195,795
Sep 22
409,246
£203,389
Jun 22
390,352
£196,174
Mar 22
389,487
£190,004

What is the average monthly mortgage payment in the UK?

The average monthly mortgage repayment on a house in the UK is £1,253. This is based on the average house price in April 2025, the average 2-year fixed mortgage rate, a 15% deposit and a mortgage length of 25 years.

Average mortgage interest rates in the UK

In June 2025, the average 2-year fixed-rate mortgage interest rate for a 25% deposit was 4.32%. It was 4.49% for a 15% deposit and 4.78% for a 10% deposit.

The average interest rate also varies depending on the length of the fix. While it was 4.32% with a 25% deposit for a 2-year fix, it was 4.29% for a 3-year fix, 4.3% for a 5-year fix and 4.53% for a 10-year fix.

The graph below shows the average rates for fixed-rate mortgages with a 25% deposit and how they’ve changed over time.

While mortgage rates have historically stayed fairly consistent, they began increasing in the middle of 2022. The Bank of England increased the base rate to combat rising inflation, and this had a knock-on effect on mortgage interest rates.

LTV ratio, or loan-to-value ratio, is the ratio of what you borrow as a mortgage. For example, with a 90% LTV mortgage, you would need to put down a 10% deposit. Those who can afford a lower LTV ratio are generally able to access better interest rates, but this can be harder for first-time buyers who can’t put down a large deposit.

Made with Flourish
Month
2 year fixed
3 year fixed
5 year fixed
10 year fixed
Jun 25
4.32%
4.29%
4.30%
4.53%
May 25
4.19%
4.27%
4.22%
4.55%
Apr 25
4.42%
4.34%
4.32%
4.60%
Mar 25
4.56%
4.38%
4.34%
4.60%
Feb 25
4.69%
4.49%
4.41%
4.60%
Jan 25
4.65%
4.50%
4.41%
4.57%
Dec 24
4.60%
4.48%
4.37%
4.58%
Nov 24
4.53%
4.44%
4.29%
4.61%
Oct 24
4.41%
4.28%
4.06%
4.65%
Sep 24
4.58%
4.43%
4.09%
4.80%
Aug 24
4.80%
4.64%
4.34%
4.85%
Jul 24
4.99%
4.79%
4.50%
4.87%
Jun 24
5.16%
4.86%
4.64%
4.87%
May 24
5.19%
4.88%
4.66%
4.87%
Apr 24
4.98%
4.74%
4.51%
4.78%
Mar 24
4.96%
4.73%
4.53%
4.79%
Feb 24
4.76%
4.53%
4.41%
4.75%
Jan 24
4.71%
4.75%
4.43%
4.68%
Dec 23
5.03%
5.07%
4.68%
4.70%
Nov 23
5.28%
5.27%
4.89%
4.89%
Oct 23
5.60%
5.43%
5.02%
4.99%
Sep 23
5.91%
5.79%
5.24%
5.10%
Aug 23
6.18%
6.01%
5.53%
5.14%
Jul 23
6.22%
5.93%
5.71%
5.16%
Jun 23
5.49%
5.16%
4.95%
4.83%
May 23
4.72%
4.46%
4.28%
4.40%
Apr 23
4.60%
4.36%
4.16%
4.23%
Mar 23
4.74%
4.56%
4.26%
4.33%
Feb 23
4.79%
4.66%
4.36%
4.42%
Jan 23
5.14%
4.88%
4.66%
4.86%
Dec 22
5.43%
5.28%
5.05%
5%
Nov 22
5.98%
5.63%
5.50%
5.33%

What is the average mortgage debt in the UK?

The average outstanding mortgage debt in the UK in the first quarter of 2025 was estimated to be £136,510. There were around 12.4 million mortgage accounts active as of March 2025, and the value of residential mortgage loans was £1.7 trillion.

What is the average length of a mortgage in the UK?

25 years is often seen as the standard length for a mortgage. However, in 2022, half of first-time buyer mortgages (50%) had terms longer than 30 years, compared to a quarter (25%) in 2012.

Average house prices in the UK

The average UK house price in April 2025 was £265,497. The average price varies across regions of the UK, with an average price of £286,327 in England, £210,077 in Wales, £191,061 in Scotland and £185,037 in Northern Ireland.

The average house price in the UK had been rising since the banking crisis and market crash in 2007-2009 until 2022, reaching £265,727 in September 2022. They then began to drop again in 2023 against a backdrop of high mortgage rates, going back down to an average price of £254,633 in February 2024.

With some fluctuation between 2022 and 2024, with the average house price in April 2025 down 2.7% from March 2025.

Buying a house is often seen as a good long-term investment option, as house prices tend to go up over time, but they can fluctuate in the short-term – going down as well as up – just like the stock market.

Made with Flourish

House-prices-to-earnings ratio: How does your region compare?

The house-price-to-earnings ratio is a way to calculate the affordability of housing by dividing house prices by salary. This varies between regions as both house prices and salaries change.

On average in England and Wales, house prices were 7.5 times the average salary in 2024. The ratio is most extreme in London, where house prices are 11.7 times higher than the average yearly salary. Those in the North East of England are in the best position, as house prices here are only 4.8 times earnings.

Made with Flourish
Region
House price to earnings ratio
London
11.7
South East
9.3
East of England
8.6
South West
8.4
East Midlands
6.9
West Midlands
6.9
Wales
5.8
North West
5.8
Yorkshire & Humber
5.8
North East
4.8

Mortgage arrears and possession statistics

In the first quarter of 2025, 90,140 homeowners were behind on their mortgage payments by 2.5% or more, a slight decrease from the previous quarter. This is known as being in arrears – money that is owed and should have been paid already.

Between January and March 2025, 1,220 properties with a homeowner mortgage were repossessed. This is when the lender takes back the property because the mortgage hadn’t been paid. The number of repossessions was up 18% on the previous quarter, but still lower than the long-term average.

Click here for more research. For all media enquiries, please contact –

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UK Head of Communications
T: +44 20 8191 8806

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