Business · 16 March 2026
UK's average mortgage bill hits £13,000. What changed?
Photo by AXP Photography on Pexels
UK households paid a record £226 billion for housing last year, with mortgage borrowers leaving fixed-rate deals particularly affected by higher payments. Property group Savills reported that overall housing costs have increased by 41%, a rise of £66 billion, over the past five years. For 8.8 million mortgage holders, the annual bill reached £114 billion in 2025, meaning the average borrower pays £13,000.
Reported by The Guardian · How we write briefs