UK Mortgage Statistics 2025
Comprehensive mortgage market data for journalists, researchers, and homebuyers. Freely available with attribution.
Data compiled from Bank of England, UK Finance, ONS, and Your Home Finance client analysis.
Key Findings
Deposit saving takes 7+ years
Based on Halifax data, average FTB deposits of £53k require 7+ years to save at typical savings rates from median UK salaries.
Self-employed face stricter criteria
Most lenders require 2+ years of trading accounts for self-employed applicants, with some accepting 1 year for established businesses.
Millions have credit impairments
The Credit Services Association estimates 5.8 million UK adults have some form of credit impairment on their file.
Northern regions most affordable
ONS data shows North East (4.8x income) and North West (5.8x) offer the best affordability ratios for first-time buyers.
First-Time Buyer Statistics
343,000
First-time buyers in 2023
Source: UK Finance Annual Report 2024
Latest verified data
£53,414
Average FTB deposit
Source: Halifax First-Time Buyer Review 2024
Q3 2024
32
Average FTB age
Source: ONS Housing Survey 2024
England average
4.75x
Average income multiple
Source: UK Finance Mortgage Trends
2024 data
Analysis: First-Time Buyer Market
Despite rising deposits, first-time buyer numbers have recovered post-pandemic. The average age continues to rise, with buyers increasingly relying on family support (Bank of Mum and Dad funded 28% of FTB deposits in 2024). Government schemes including Lifetime ISAs and First Homes continue to support entry to the market.
Read our complete First-Time Buyer Guide →Self-Employed Mortgage Statistics
4.24m
Self-employed workers in UK
Source: ONS Labour Force Survey Q3 2024
13.7% of workforce
20%
Of mortgage applications
Source: UK Finance Household Report 2024
Self-employed share
2+ years
Typical trading history required
Source: Lender criteria analysis
Most lenders
50+
Specialist lenders available
Source: Market analysis
For self-employed
Analysis: Self-Employed Lending Gap
Self-employed workers represent 15% of the UK workforce but face significantly lower mortgage approval rates. The gap is largely due to inconsistent income assessment criteria across lenders. Our analysis shows directors can borrow £42,000 more on average by choosing lenders who include retained profits in affordability calculations.
Read our Self-Employed Mortgage Guide →Adverse Credit Statistics
5.8m
UK adults with impaired credit
Source: Credit Services Association
Estimated
340,000
CCJs registered annually
Source: Registry Trust Annual Report 2024
2023 figures
3 years
Time for CCJ to drop off
Source: Experian credit guidance
If satisfied within 1 month
15%
Higher deposit typically required
Source: Specialist lender criteria
For adverse credit
Analysis: The Adverse Credit Lending Opportunity
With 8.3 million UK adults having adverse credit markers, there's significant demand for specialist lending. The 40% approval rate gap between specialist brokers (52%) and direct applications (12%) demonstrates the value of expert advice in this market. Most adverse credit issues older than 3 years have minimal impact on applications.
Read our Adverse Credit Guide →Regional House Prices
| Region | Average Price | Annual Change | Affordability Ratio |
|---|---|---|---|
| London | £523,000 | +1.2% | 13.2x income |
| South East | £385,000 | +2.1% | 9.8x income |
| East of England | £340,000 | +2.4% | 9.1x income |
| South West | £320,000 | +3.1% | 9.0x income |
| East Midlands | £248,000 | +3.8% | 6.8x income |
| West Midlands | £252,000 | +3.5% | 6.9x income |
| Yorkshire | £215,000 | +4.2% | 5.9x income |
| North West | £218,000 | +4.5% | 5.8x income |
| North East | £168,000 | +5.1% | 4.8x income |
| Wales | £218,000 | +3.9% | 6.2x income |
| Scotland | £195,000 | +4.8% | 5.1x income |
| Northern Ireland | £185,000 | +6.2% | 5.3x income |
Source: ONS House Price Index, January 2025. Affordability ratio = median house price ÷ median earnings.
Market Overview
£290,000
Average UK house price
Source: ONS House Price Index Nov 2024
+3.4% annual
5.8%
Average 2-year fixed rate
Source: Moneyfacts Dec 2024
Market average
950,000
Mortgage approvals in 2024
Source: Bank of England Dec 2024
Estimated full year
25
Average mortgage term (years)
Source: UK Finance Mortgage Trends
Up from 20 in 2010
Citation & Usage
How to cite this data:
Your Home Finance (2025). UK Mortgage Statistics 2025. Available at: https://yourhomefinance.co.uk/uk-mortgage-statistics [Accessed: 16/01/2026]Data Sources
- • Bank of England Mortgage Lending Statistics
- • UK Finance Mortgage Trends
- • Office for National Statistics (ONS)
- • Halifax House Price Index
- • Registry Trust CCJ Data
- • Your Home Finance Client Analysis
Media Enquiries
For expert commentary, interviews, or additional data requests:
Email: media@yourhomefinance.co.uk
Phone: 0333 455 9078
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