Estimates of the mean monthly mortgage payment for all households taking out a new mortgage for house purchase during the year, in (i) England and (ii) each region in England in each of the last five years are given in the following table.
Estimates for median monthly mortgage payments and data for households at each level of disposable income are not available.
£ per month 2003 2004 2005 2006 2007 North East 370 466 535 594 687 North West 420 525 597 659 759 Yorkshire and the Humber 408 509 587 652 744 East Midlands 457 561 629 672 763 West Midlands 472 577 646 715 798 East 603 712 789 855 981 London 832 1,022 1,134 1,251 1,486 South East 693 811 895 981 1,128 South West 551 645 727 806 921 England 563 684 773 851 981 Note: Assumes repayment mortgage over 25 years. Sources: Regulated Mortgage Survey and the Council of Mortgage Lenders