Average UK Mortgage Value for 2006 to 2007

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Average UK Mortgage Value for 2006 to 2007

The average mortgage loan value leant to borrowers for purchases in 2006 and 2007 is shown in the map below. Interesting points to note about the average mortgage loan values are discussed in the highlights section.

Click on London for a breakdown of the average mortgage value in the capital. Purchases includes first time buyers and buy to let enquiries.

	<75		75-100		100-125		125-150		150-175		175-200
	200-225		225-250		250-275		275-300		300-325		325-350
	350-375		375-400		400 -425		425-450		450-475		>500

Average Mortgage Value Highlights

The average mortgage value was compiled by calculating the average values by postcode for all applications for a mortgage quote through Mortgages.co.uk during 2006 and 2007.

• The average mortgage for a property bought by users of Mortgages.co.uk was £126,643 in 2006, going up to £138,313 in 2007, an increase of 9.21%.
• Berkshire and Bournemouth saw well above average increases in average mortgage values of 23% and 14% respectively over 2006 – 2007.
• Birmingham witnessed a slightly below average increase in the average mortgage loan, which was at 8.2%, with the rest of the West Midlands experiencing a greater than average increase of 17%.
• Southampton saw a well above average increase in average mortgage value of 29%.
• Greater London saw only a 1% increase in average mortgage value, up from £213,916 in 2006 to £215,784 in 2007.
• Glasgow and Edinburgh saw somewhat above average increases in average mortgage loan values, 19% and 15% respectively.
• West Yorkshire and North Yorkshire saw well above average increases in average mortgage values, 22% and 21% respectively, with South Yorkshire witnessing a slightly below average increase of 9%

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