We explore the latest mortgage statistics, including average mortgage size, monthly payments and debt, to see how paying the mortgage impacts our bank accounts.
Mortgage statistics UK: Highlights
The average monthly mortgage payment on a house in the UK is £1,355 according to the latest figures.
The average size of a mortgage taken out in the first quarter of 2026 was £205,298.
The average outstanding mortgage debt per household in the UK is £139,699.
In April 2026, the average 2-year fixed-rate mortgage interest rate for a 10% deposit was 5.46%. It was 5.17% for a 15% deposit and 5.14% for a 25% deposit.
As of December 2025, there were 12.4 million outstanding mortgages in the UK totalling over £1.7 trillion.
What is the average mortgage size in the UK?
The average value of a mortgage taken out between January and March 2026 was £205,298, down 4% from the previous year.
The number of mortgages taken out has decreased by 8% from the previous year, with a total of 332,283 mortgages secured on residential homes.
What is the average monthly mortgage payment in the UK?
The average monthly mortgage repayment on a house in the UK is £1,355. This is based on the average house price as of March 2026, the average 2-year fixed mortgage rate, a 15% deposit and a mortgage length of 25 years.
What’s the average mortgage interest rate in the UK?
In April 2026, the average 2-year fixed-rate mortgage interest rate for a 10% deposit was 5.46%. It was 5.17% for a 15% deposit and 5.14% for a 25% deposit.
The average interest rate also varies depending on the length of the fix. While it was 5.14% with a 25% deposit for a 2-year fix, it was 4.97% for a 3-year fix, 5% for a 5-year fix and 5.28% 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. Mortgage rates began rising again recently because of global conflict, such as the war in Iran, and geopolitical tensions.
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.
The average outstanding mortgage debt in the UK in the last quarter of 2025 was estimated to be £139,699. There were over 12.4 million mortgage accounts active as of December 2025, and the value of residential mortgage loans was over £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, 2025 data revealed that first-time buyers are now signing up to mortgages that last an average of 31 years.
Average house prices in the UK
The average UK house price in March 2026 was £268,132. The average price varies across regions of the UK, with an average price of £289,946 in England, £213,240 in Wales, £186,582 in Scotland and £198,015 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.
They then began to broadly rise again, hitting £271,527 in November 2025, but have fallen slightly in the past few months.
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.
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 7.6 times the average salary in 2025. The ratio is most extreme in London, where house prices are 11.4 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 4.9 times earnings.
In the first quarter of 2026, 79,110 homeowners were behind on their mortgage payments by 2.5% of their balance 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 2026, 1,250 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 3% on the previous quarter, but still lower than the long-term average.
Sources
Methodology
Finder analysts took the average UK house price and mortgage rate, assuming a 15% deposit, and used this to calculate the average mortgage payment.
Click here for more research. For all media enquiries, please contact –
Matt Mckenna
UK Head of Communications T: +44 20 8191 8806
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Sophie Barber is a senior content marketing manager for Finder in the UK. She has over 5 years experience in writing and publishing clear, concise and informative articles that help consumers make informed decisions.
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Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run.
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We looked into the latest buy-to-let statistics to see how many of these mortgages have been taken out and how many Brits are living in rental properties in the UK.
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