The first-time buyer average mortgage increased across all regions in the United Kingdom in 2023. London had the largest average mortgage size at over 383,386 British pounds. This was because it was also the region with the most expensive hosing.
Average mortgage of first-time buyers in the United Kingdom (UK) from 2022 to 2023, by region
(in GBP)
The figures have been calculated by Statista using data from Halifax First-Time Buyer Review. The average mortgage size equals the average house price minus the average deposit.
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Statista. (February 15, 2024). Average mortgage of first-time buyers in the United Kingdom (UK) from 2022 to 2023, by region (in GBP) [Graph]. In Statista. Retrieved September 19, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/792294/first-time-buyer-average-mortgage-by-region-uk/
Statista. "Average mortgage of first-time buyers in the United Kingdom (UK) from 2022 to 2023, by region (in GBP)." Chart. February 15, 2024. Statista. Accessed September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/792294/first-time-buyer-average-mortgage-by-region-uk/
Statista. (2024). Average mortgage of first-time buyers in the United Kingdom (UK) from 2022 to 2023, by region (in GBP). Statista. Statista Inc.. Accessed: September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/792294/first-time-buyer-average-mortgage-by-region-uk/
Statista. "Average Mortgage of First-time Buyers in The United Kingdom (Uk) from 2022 to 2023, by Region (in Gbp)." Statista, Statista Inc., 15 Feb 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/792294/first-time-buyer-average-mortgage-by-region-uk/
Statista, Average mortgage of first-time buyers in the United Kingdom (UK) from 2022 to 2023, by region (in GBP) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/792294/first-time-buyer-average-mortgage-by-region-uk/ (last visited September 19, 2024)
Average mortgage of first-time buyers in the United Kingdom (UK) from 2022 to 2023, by region (in GBP) [Graph], Statista, February 15, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/792294/first-time-buyer-average-mortgage-by-region-uk/