What is the average mortgage payment in the UK?
In 2024-25 the average (mean) mortgage payment was £242 a week, which is about £1,049 a month, and the median was £208 a week, about £901 a month. The figures come from the English Housing Survey and cover England. The gap between mean and median matters: a minority of large mortgages pulls the mean upward, so the median is closer to what a typical mortgaged household actually pays.
The published figures
| Measure | Per week (as published) | Per month (converted) | What it tells you |
|---|---|---|---|
| Mean (average) | £242 | about £1,049 | The average of all payments. Pulled upward by large mortgages |
| Median | £208 | about £901 | The midpoint. Closer to a typical mortgaged household |
English Housing Survey 2024-25, headline findings on demographics and household resilience. The survey covers England, not the whole UK, and publishes weekly figures. Monthly equivalents here are that weekly figure converted (weekly x 52 / 12), not a separately measured statistic.
Why the average is a weak guide to your own payment
An average across every mortgaged household in England blends situations that have almost nothing in common: a household most of the way through a small mortgage taken out years ago, and one that has just bought at today's prices on a large loan. Four things set your own figure, and none of them appear in the average: how much you owe, your interest rate, how long is left to run, and whether you are on repayment or interest only. That is why two neighbours in identical houses can pay very different amounts.
Methodology and limits
The figures above are survey-measured, not modelled: they are what mortgagors reported paying, published by the English Housing Survey for 2024-25. We report mean and median together because publishing either alone would mislead. The only calculation applied is the conversion from the published weekly figure to a monthly one, which is stated wherever a monthly number appears. The survey is annual, so it lags the current market, and it covers England. No attempt is made here to estimate a current-month figure from rates or house prices, because that would be a model rather than a measurement.
Common questions
What is the average monthly mortgage payment in the UK?
The English Housing Survey put the average (mean) mortgage payment at £242 a week in 2024-25, which converts to about £1,049 a month. The median was £208 a week, or about £901 a month. The survey covers England rather than the whole UK, and it publishes the figures weekly, so the monthly numbers here are a conversion of the published weekly ones.
Why is the mean higher than the median?
Because the distribution is skewed. A minority of large mortgages, concentrated in higher-value areas, pulls the average of the amounts upward. The median sits at the midpoint, so it is the better guide to what a typical mortgaged household pays.
Why is my payment nothing like this?
Because an average blends every mortgaged household in the country: someone ten years into a small mortgage in a low-priced area and someone who has just bought at a high price on a large loan. Your own payment is set by your loan size, your rate, your remaining term and whether you are on repayment or interest only. The average tells you where the middle of the market sits, not what you should be paying.
What actually moves the payment most?
Loan size and rate do most of the work, and term does more than people expect. Extending the term lowers the monthly payment but increases the total interest paid over the life of the loan, and shortening it does the reverse. Moving from interest only to repayment raises the monthly cost substantially, because you begin repaying the capital as well.
Will my payment change when my fixed rate ends?
Almost always, because you move onto the lender's standard variable rate unless you switch. Whether it rises or falls depends on how your existing fixed rate compares with what is available when it ends. See the fixed-rate guidance below for the timing and options.
Related: UK mortgage rate tracker, average house deposit and what to do when your fixed rate ends.
Founder, MortgageExplained
Adam spent nearly a decade as a mortgage adviser at Just Mortgages, with further experience in commercial finance. He is CeMAP and CF qualified. He built MortgageExplained to do one thing well: explain mortgages in plain English, then introduce you to a regulated broker when you are ready. Every page on the site is written by Adam.
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