Mortgage payment to income share in the UK 2000-2022, by type of buyer
Buying a home is less affordable for first-time buyers than for former owner-occupier. In 2022, first time buyers paid higher total mortgage payments relative to their income compared to people who already owned a home. The mortgage payment of first time buyers was 18.9 percent of their income, while for former owners it was 17.9 percent. The total mortgage payment refers to the total of all monthly payments over the full term of the mortgage.