FOI reference: FOI-2024-2342
You asked
I am looking into the financial accessibility of housing, including the average mortgage repayment per month and the average mortgage repayment period.
It would be greatly appreciated and helpful if you could help me by potentially providing me with some data regarding the aforementioned topics for Worsley MSOA and Barton upon Irwell MSOA.
We said
Thank you for your request.
Unfortunately, we do not hold data on average mortgage repayment per month, or the average mortgage repayment period.
However, we did recently publish data on housing affordability for local areas (MSOAs). This presented affordability ratios of housing, which were calculated by dividing house prices (HPSSA dataset) by admin income estimates for small areas. The release also included an interactive affordability calculator that allows you to learn about an area's average property price, the gross annual household income required for a mortgage, the total savings required for upfront costs, and the ratio of house prices to income. It also allows you to personalise repayment levels and deposits based on different types of property.
You may also be interested in the Explore Local Statistics tool: Explore local statistics – ONS. This holds all sorts of data relating to local areas and might provide additional context to your investigation.