Average mortgage payments: latest England figures and UK context
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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.
The English Housing Survey reports a mean mortgage payment of £242 a week in 2024–25. Understand the limits of this figure and what affects your own payment.
What is the average mortgage payment?
The 2024–25 English Housing Survey, updated in July 2026, reports a mean mortgage payment of £242 per week and a median of £208 per week. Converting weekly amounts using 52 weeks divided by 12 gives approximately £1,049 and £901 per month respectively.
These are survey figures for England, not a current UK-wide mortgage quote. They describe existing households with mortgages, whose balances, rates and remaining terms differ. The mean adds payments and divides by the number of households; the median is the middle payment.
How do payments vary by location?
In the same survey, the mean weekly payment was £375 in London and £220 in the rest of England. Converted on the same basis, that is about £1,625 and £953 per month. These averages do not predict a payment for a specific property or buyer.
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What determines my monthly payment?
The main factors are the amount borrowed, interest rate, remaining term and whether the mortgage repays capital as well as interest. Fees added to the loan can also increase the balance. A larger loan creates more interest in pounds at the same rate; it does not automatically mean a higher percentage rate.
A repayment mortgage gradually pays down the capital. An interest-only mortgage normally leaves the capital to repay at the end, so its lower monthly payment should not be mistaken for a lower overall obligation. You need an acceptable plan for the final balance.
About The Debt Advice Service
Use the enquiry form to request a call about your circumstances and available options. You decide whether to proceed.
Advertisement. MoneyNerd introduces enquiries; we do not give debt advice or recommend solutions. The Debt Advice Service, a trading style of Pacific Financial Solutions Limited, offers free debt advice with no obligation. Complete the enquiry form to share your details and request a call.
Some debt solutions have fees and may negatively affect your credit rating. MoneyNerd may receive a fee if you go ahead with a debt solution through The Debt Advice Service. For free, impartial guidance and help finding free debt advice, visit MoneyHelper.
Is a fixed rate fixed for the entire mortgage?
Usually it is fixed for the selected deal period, commonly two to ten years, rather than for the whole repayment term. When that deal ends, the rate and payment can change unless another arrangement is made. Some products have different structures, so read the offer. See MoneyHelper’s guide to rate types.
A tracker follows a specified reference rate under its terms. A lender’s standard variable rate is different and does not necessarily move exactly with Bank Rate. Neither a fixed nor variable product is always cheaper.
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Some debt solutions have fees and may negatively affect your credit rating. MoneyNerd may receive a fee if you proceed with a debt solution through The Debt Advice Service. MoneyHelper offers free, impartial money guidance and help finding free debt advice.
Will a longer term or overpayment help?
A longer repayment term can reduce the required monthly payment but usually increases total interest if other factors remain the same. Check the effect on retirement plans and the lender’s affordability requirements.
Overpayments can reduce interest and the time needed to repay, but check any allowance or early-repayment charge. Keep enough for essentials and emergencies, and compare other costly debts before choosing where extra money goes.
What if my mortgage is unaffordable?
Contact the lender promptly, explain your budget and ask about support. Get regulated mortgage advice when comparing products and free debt or housing advice if you are in arrears. A mortgage is secured against the home, so missed payments can lead to repossession proceedings.
A national average cannot establish what you can afford. Budget for council tax, utilities, insurance, maintenance and any service charges as well as the mortgage, and test how a different rate would affect the payment.
