Average UK mortgage debt: balances and repayment figures
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MoneyNerd introduces enquiries to The Debt Advice Service and may receive a referral fee. For free, independent guidance and help finding a debt adviser, visit MoneyHelper.
This information and enquiry service is not a full financial assessment or a guarantee of suitability or debt write-off. Debt solutions are not suitable for everyone. Fees may apply, and your credit record and assets may be affected. Get advice on your circumstances before choosing a solution.
Mortgage averages depend on the date, population and measure used. An average outstanding balance is different from the size of a new loan, a house price or the total amount a borrower will repay with interest.
What is the average outstanding mortgage?
The Money Charity’s September 2026 report estimated an average outstanding mortgage of £162,597 per household with mortgage debt in July 2026. This is an estimate for mortgaged households, not an average across everyone in the UK and not an age-by-age breakdown. See the dated report for its definitions and sources.
How large is the UK mortgage market?
The FCA reported £1,760.6 billion in outstanding residential mortgage loans at the end of the second quarter of 2026. This is a market total, not the average amount owed by one household. Different statistical series can cover different lenders, borrowers and loan types, so do not combine totals and household counts without checking their definitions. See the FCA release.
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Does age determine mortgage debt?
Age can be associated with where someone is in their borrowing life, but it does not determine an individual balance. Purchase date, deposit, house price, repayments, remortgaging and any additional borrowing all matter. A national average should not be presented as an age-specific benchmark without a dataset that actually measures it.
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What is a typical monthly repayment?
The payment depends on the outstanding principal, interest rate, term and repayment type. There is no single monthly figure that applies to all mortgages. An interest-only payment also excludes repayment of the principal, so it should not be compared directly with a capital-and-interest payment.
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Natasha
Very helpful and informative thank you
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Use your actual figures in a mortgage repayment calculator. Treat the result as an estimate and confirm the contractual payment with the lender. Check fees and any change at the end of a fixed-rate period.
| Debt Strategy | How It Can Help with Mortgage Arrears |
|---|---|
| Payments towards arrears | If affordable after essential costs, agree how a lump sum will reduce the arrears and any charges; obtain a written balance. |
| Remortgaging | Switching to a different mortgage product or provider could result in lower monthly payments. |
| Hardship Schemes | Lenders often have dedicated hardship teams that assess your situation and offer individualised solutions, such as: -Payment Holidays -Mortgage Term Extension -Interest-Only Payments -Capitalising Arrears -Flexible Payment Arrangements -Fee Waivers or Reductions |
| Support for Mortgage Interest | Eligible benefit recipients may qualify for SMI, a repayable loan towards qualifying mortgage interest. It does not simply clear the mortgage or all arrears. Ask an adviser about current eligibility and local support. |
| Debt advice | Formal insolvency can affect other debts and your home. A DRO is not available to homeowners, and insolvency does not normally remove a secured lender’s right to repossess. Get specialist advice before choosing a solution. |
| Debt Advice Services | Seek free advice from debt charities who can help you assess your situation, suggest appropriate solutions and negotiate with lenders. |
| Considering a sale | Selling may be an option if remaining in the home is unaffordable, but obtain independent housing and financial advice. Sale-and-rent-back arrangements carry serious risks, including loss of ownership and future tenancy insecurity. |
House prices are not mortgage balances
Some homes have no mortgage, some buyers have large deposits and some borrowers owe more or less than other owners of similar homes. A region’s total housing wealth does not establish its total mortgage debt. House-price indices also use different datasets and publication dates.
Should I remortgage because my debt is above average?
An average is not a test of affordability. Consider your own budget, remaining term, fees, early-repayment charges and available deals. A lower monthly payment over a longer term can increase the total interest paid. Borrowing against the home to repay unsecured debts can put the home at risk.
If mortgage payments are becoming difficult
Contact the lender early and ask about support. Free debt advice can help prioritise essentials and assess options. Do not take on additional borrowing solely to reach a national average or on the assumption that a headline interest rate is a personal offer.
