What is the cheapest part of England to buy a house?

In England, the North East and the North West took most of the top spots for the cheapest places to buy. After Burnley and Hyndburn, the cheapest place where you can buy a house is County Durham, with an average house price of £138,587.

Which part of the UK has the cheapest houses?

Scotland has some of the lowest average house prices in the UK, especially if you look at areas such as Dundee and Aberdeen.

Which part of the UK is best to buy a house?

What part of England is the cheapest place to live?

The cheapest region to rent in the UK is the North East, where the average rent cost £710 per month in January 2025. Yorkshire & the Humber has the next lowest rents at £809 per month, followed by the East Midlands at £861. In Great Britain, Wales has the lowest average rent at £780 per month.

Is 10k enough to buy a house in the UK?

It is perfectly reasonable to buy a house on your own (as opposed to as a couple), but bear in mind that how much lenders are willing to give you is based off your salary. On £23k/year the max would be about £92k, so with your £10k deposit you could look at a house around the £100k mark (bear in mind fees applicable).

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What salary do you need for a 200k house in the UK?

The amount you can borrow is based on your salary. Most lenders will loan around 4 or 4.5 times your annual income. To be approved for a £200,000 mortgage, you'd need an annual income of around £44,000-£50,000. This is above the average UK annual salary, currently £37,430 (August 2025).

Can I buy a house with a 5k deposit in the UK?

Am I Eligible? The £5,000 deposit scheme is exclusively available to first-time buyers. Buyers with a minimum deposit of £5,000 can secure a five-year fixed-rate mortgage at 5.99%, which is slightly higher than the current average five-year fixed rate of 5.34%.

What area has the lowest cost of living?

Where is the cheapest place to buy a house in the UK 2025?

Sunderland is the cheapest city to buy a property in the UK in 2025. It sits along the coastline of the North East, with property in the SR1 postcode on the market for around £56,100.

Where is the safest place to live in the UK?

Where not to buy a house in the UK?

The West Midlands tops the list with its steep house prices and poor affordability for first-time buyers. The region has seen significant price increases, making homeownership a distant dream for many​. South London remains one of the least affordable areas due to skyrocketing property prices and high rents.

Is it worth buy to let 2025?

Buy-to-let is still a viable investment in 2025—but success depends on smart property selection, adapting to tenant needs, and staying informed on regulations and finance. With the right approach, landlords can still achieve strong long-term results.

Is it wise to buy a house in the UK?

Is it a good investment? Yes, it is often worth buying a house in the UK. Many people have used their property to build wealth over time, and owning a home often puts you in a better financial position in the long-run than renting.

What is the cheapest way to live in the UK?

Living frugally in the UK is all about smart habits—switch energy providers, cancel unused subscriptions, and plan meals carefully. Use budgeting tools, compare utility and mobile deals, take advantage of discounts like supermarket “yellow‑sticker” bargains, use public transport or cycle, and batch buy essentials.

Where is the cheapest rural property in the UK?

How much is a deposit on a 200k house in the UK?

For a home purchase, you normally need to put down at least 5% or 10% of the total amount. Let's say you want to buy a property valued at £200,000, your lender may ask for a 10% deposit. This means you would need a deposit of £20,000.

What do first time buyers get?

Under the scheme, homes are offered for sale with a discount of at least 30% of market value. Exclusively available on selected new-build homes in England, up to a maximum price of £250,000 (after the discount has been applied). In Greater London, the maximum price is £420,000 (after the discount has been applied).

What credit score do I need for a mortgage?

There isn't a specific credit score you need for a mortgage, and that's because there isn't just one credit score. When you make an application for a mortgage or other type of credit, lenders work out a credit score for you.

What mortgage can I afford on 30k?

Example: What mortgage can I afford on £30k salary? Your Results: You could borrow up to £165,000: This figure represents the upper limit of what might be possible under specific circumstances, usually requiring the assistance of a mortgage broker.

How many times your salary can you borrow in the UK?

The amount you can borrow will vary between lenders, but - assuming you pass affordability checks - most lenders allow you to borrow up to between 4.5 and 5.5 times your annual salary. That means that if you earn £30,000, you may be able to get a mortgage of around £150,000.

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