The rising cost of living is now regarded as the biggest threat to our children’s futures, with UK parents showing more concern about this matter than both Brexit and Climate Change. So do we have a right to be so worried?

In this article we share some of the latest housing and mortgage statistics in the UK, revealing the average house price in 2019, the typical mortgage size and other useful facts and figures to give you a good idea of what the UK housing market currently looks like.

Average UK House Prices 

Housing prices are often just as unpredictable as the weather, but where do they stand at the moment? And what does this mean for those with plans to get their foot on the property ladder in the near future?

Average Mortgage Debt in the UK

Buying a house can be one of the most expensive things you’ll ever do in your life. But exactly how much debt should you realistically expect to be in when you get a mortgage? 

Average Age of First Time Buyers in the UK

First time buyers now represent the biggest part of the UK property market. But how old are these buyers? And what will this mean for future first-time buyers? 

Average Age of First-Time Buyers UK 2019
Source: Ministry of Housing

Mortgages in Arrears Statistics 

If you fail to keep up on your mortgage payments, an additional amount will be added to your mortgage. These are known as payments in ‘arrears’. This total will then be spread over the rest of your mortgage and will become a percentage of your total outstanding balance. So how many UK mortgages are currently in arrears?

Number of Repossessed Houses Graph 2019
Source: UK Finance 

We hope this article has provided you with some useful facts and figures about Mortgages in 2019. 

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