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6 | Table shows average monthly mortgage repayment in UK - based on house price, deposit, and interest rate - as a proportion of average monthly income. | ||||||||||
7 | Category | Timeframe ref | Ave UK house price | Mortgage info | Ave deposit (25%) | Mortgage loan amount | Ave interest rate | Monthly repayment (25 year term) | Average monthly UK gross salary | Monthly repayment as proportion of salary | |
8 | Now | 2022 | £276,019 | 3 year fixed rate 75% LTV | £69,005 | £207,014 | 1.82% | £859.41 | £2,621 | 32.8% | |
9 | Pre-pandemic | 2019 | £230,612 | 3 year fixed rate 75% LTV | £57,653 | £172,959 | 1.72% | £709.75 | £2,556 | 27.8% | |
10 | 5 years | 2017 | £221,403 | 3 year fixed rate 75% LTV | £55,351 | £166,052 | 1.69% | £679.03 | £2,417 | 28.1% | |
11 | 10 years | 2012 | £168,556 | 3 year fixed rate 75% LTV | £42,139 | £126,417 | 3.92% | £661.70 | £2,230 | 29.7% | |
12 | Great Recession | 2008 Q2 to 2009 Q2 | £167,330 | 3 year fixed rate 75% LTV | £41,832 | £125,497 | 5.31% | £756.49 | £2,204 | 34.3% | |
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