1 Apr 2025
The most inexpensive areas for first-time buyers
Following the end of stamp duty relief in England and Northern Ireland, those looking to purchase their new home will be required to pay 5% on properties costing between £300,000 - £500,000, with no relief over £500,000 for first-time buyers.
According to Rightmove, a typical first-time buyer will be paying £940 for their mortgage, compared with £590 per month back in 2020.
With these financial obstacles in mind, we have detailed the cheapest areas that may appeal to first-time buyers who are keen to get onto the property ladder.
| Area | Average asking price for a first-time home buyer |
| Kilmarnock, Ayrshire | £84,325 |
| Greenock, Inverclyde | £88,862 |
| Grimsby, Lincolnshire | £93,427 |
| Blackpool, Lancashire | £93,711 |
| Middlesbrough, North Yorkshire | £95,473 |
| Hartlepool, Tees Valley | £99,570 |
| Paisley, Renfrewshire | £99,570 |
| East Kilbride | £100,814 |
| Ayr, Ayrshire | £101,391 |
| Burnley, Lancashire | £102,848 |
To find out how much your monthly payments will cost you, take a look at our mortgage calculator.
Recent posts
Best UK Mortgage Rates this Week
Yesterday
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Private Rented Sector Database 2027
2 days ago
As part of the Renters Rights Act 2025, a mandatory registration system for private landlords in England will be introduced in 2027.
The Private Rented Sector (PRS) Database will hold information on private landlords renting properties in England under assured or regulated tenancies.
Your First Home Scheme for First-Time Buyers
14 days ago
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
Autumn Budget 2026: Key Points
16 days ago
On Wednesday 28th October, Chancellor John Healey delivered the 2026 Autumn Budget.
We have summarised the key points relating to property and tax.
In September 2026, they extended this to a wider range for those moving home. Eligible homeowners looking to purchase their next property can access the delayed start mortgage, which could help with the overlap between properties, solicitor, removal, and repair costs.
What is a Mortgage Stress Test?
24 days ago
A mortgage ‘stress test’ revolves around predicting future ‘affordability’. It is seen by many borrowers as just another hurdle to overcome, but it’s important to understand why it was introduced and who it is meant to protect.
There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Leaseholders to be given extra protection
30 Sep 2026
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
More information
Trusted by
