Hull is amongst the top five cheapest and Bath is in the list of the top five most expensive.
was identified as the second most affordable location for first-time buyers, with an average monthly mortgage payment of £522.in Hertfordshire was named the priciest city to get on the property ladder, with average monthly mortgage payments calculated at £1,958. The leafy cathedral city is popular with families and commuters, with train links into London.
In London specifically, the average monthly mortgage payment for a first-time buyer was estimated at £2,533. According to Rightmove, in approximately half of the cities examined, paying a monthly mortgage as a first-time buyer with a 10 per cent deposit is more financially advantageous than renting. At the other end of the spectrum, first-time buyers in St Albans could potentially end up paying £525 more per month when on the property ladder than they were when they were renting, the research indicated. Across Britain, a typical first-time buyer home has a record price tag of £226,399, Rightmove said.
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