People in the UK pay an average of £143 a week on housing costs, new figures show.
The research by the Office for National Statistics found that the average UK citizen was paying £52 a week on mortgages, £24 on council tax and other charges, £23 on housing alterations and £17 on rent.
It found that for households with a mortgage, the average weekly cost was £132. Those with mortgages in London paid the most, an average of £174 a week.
And with an average cost of £96 a week those with mortgages in Northern Ireland spent the least.
The study also found that the average rent paid by tenants in the UK was £60 a week. London was again the most expensive area, with people their paying £94 a week for their rented homes .
Figures released by the Bank of England revealed that total mortgage borrowing in the UK passed the £1 trillion mark in 2006.
Average mortgage costs £132 a week
Mortgage Quote Line
0845 108 0505
Average mortgage costs £132 a week
Tue, 29 Jan 2008
Recommended links
Mortgage Interest RateMortgage Interest Rate Decisions
What should you do when interest rates go up?
How does the LIBOR rate affect mortgage repayments?
Mortgage Payment Protection Insurance
Portman cuts mortgage costs
Find a remortgage to cut costs, expert claims
Mortgage costs rise again
Mortgage costs up, according to research
Mortgage costs cause stamp duty rise, figures show
Mortgage costs in October rise, study shows
Mortgage costs in consecutive rise
Mortgage holders told home information packs will cut costs
Remember hidden costs as well as mortgages, homeowners told
Mortgage costs rise in August, study shows
Property market pushes up costs for mortgage hunters, study shows
Cheap mortgages may have hidden costs
Removal costs overlooked by 92 per cent of new buyers, mortgage study shows
New mortgages range with no upfront costs
Rics predicts higher mortgage costs
Morse boosts mortgage costs, bank claims
Bigger mortgages, smaller costs, claims expert
First-time buyers facing higher costs, study shows
Drop reported in number of people behind with mortgage repayments
Early repayment of mortgage makes sense
Interest rate increase mortgages repayments climb
Average mortgage repayments up £78, financing study indicates
Failure to protect mortgage repayments threaten families, reveals research
| mortgages news |
|---|
| Mortgage lending still low, figures reveal - Mon, 05 Jan 2009 |
| Mortgage lenders will follow Nationwide's lead, expert claims - Mon, 05 Jan 2009 |
| Nationwide to freeze tracker mortgages - Fri, 02 Jan 2009 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage