London house prices & mortgage costsby borough 2026

Average property prices and estimated monthly mortgage repayments for all 33 London boroughs. Data sourced from Land Registry and Rightmove, updated May 2026.

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London average price

£579k

All 33 boroughs

Most affordable

Barking & Dagenham

£340k avg

Most expensive

Kensington & Chelsea

£1.42m avg

5-yr fix rate (75% LTV)

4.21%

Typical May 2026

All 33 boroughs

Click column headers to sort. Monthly payments based on 5-year fixed rate, 25-year term.

Your deposit: 25%→ 75% LTV at 4.21% (5-yr fix, typical)

5%10%15%20%25%30%35%40%

Slide to see how your deposit size changes monthly repayments across every borough.

Borough ↕	Avg price ↓	Deposit (25%)	Loan	Monthly repayment	Type
Kensington & Chelsea	£1.42m	£355,000	£1,065,000	£5,746/mo	Inner
Westminster	£1.05m	£262,500	£787,500	£4,249/mo	Inner
City of London	£890k	£222,500	£667,500	£3,601/mo	Inner
Hammersmith & Fulham	£750k	£187,500	£562,500	£3,035/mo	Inner
Richmond upon Thames	£730k	£182,500	£547,500	£2,954/mo	Outer
Camden	£720k	£180,000	£540,000	£2,913/mo	Inner
Islington	£710k	£177,500	£532,500	£2,873/mo	Inner
Wandsworth	£680k	£170,000	£510,000	£2,751/mo	Inner
Barnet	£620k	£155,000	£465,000	£2,509/mo	Outer
Hackney	£600k	£150,000	£450,000	£2,428/mo	Inner
Southwark	£580k	£145,000	£435,000	£2,347/mo	Inner
Kingston upon Thames	£580k	£145,000	£435,000	£2,347/mo	Outer
Merton	£560k	£140,000	£420,000	£2,266/mo	Outer
Haringey	£560k	£140,000	£420,000	£2,266/mo	Outer
Lambeth	£540k	£135,000	£405,000	£2,185/mo	Inner
Brent	£540k	£135,000	£405,000	£2,185/mo	Outer
Tower Hamlets	£530k	£132,500	£397,500	£2,145/mo	Inner
Ealing	£530k	£132,500	£397,500	£2,145/mo	Outer
Bromley	£490k	£122,500	£367,500	£1,983/mo	Outer
Harrow	£490k	£122,500	£367,500	£1,983/mo	Outer
Waltham Forest	£480k	£120,000	£360,000	£1,942/mo	Outer
Hounslow	£480k	£120,000	£360,000	£1,942/mo	Outer
Redbridge	£470k	£117,500	£352,500	£1,902/mo	Outer
Hillingdon	£450k	£112,500	£337,500	£1,821/mo	Outer
Lewisham	£440k	£110,000	£330,000	£1,780/mo	Inner
Greenwich	£430k	£107,500	£322,500	£1,740/mo	Inner
Sutton	£430k	£107,500	£322,500	£1,740/mo	Outer
Enfield	£430k	£107,500	£322,500	£1,740/mo	Outer
Newham	£420k	£105,000	£315,000	£1,699/mo	Outer
Havering	£400k	£100,000	£300,000	£1,619/mo	Outer
Croydon	£390k	£97,500	£292,500	£1,578/mo	Outer
Bexley	£390k	£97,500	£292,500	£1,578/mo	Outer
Barking & Dagenham	£340k	£85,000	£255,000	£1,376/mo	Outer

Monthly repayments based on 75% LTV, 4.21% 5-year fixed rate, 25-year repayment mortgage. Rates and prices for illustration — speak to an adviser for a personalised quote.

Data methodology

Average property prices sourced from HM Land Registry UK House Price Index and Rightmove borough data, updated May 2026. Monthly repayments are illustrative, calculated using a standard annuity formula at the stated rate and 25-year term. Actual rates and repayments will vary by lender, credit profile, and product. Contact Mortgage International for a whole-of-market search across 90+ lenders.

What do London house prices mean for your mortgage?

With London property prices ranging from £340k in Barking & Dagenham to over £1.4m in Kensington & Chelsea, your choice of borough dramatically affects your borrowing requirements.

First time buyers

The most affordable boroughs for first time buyers in 2026 are Barking & Dagenham (£340k avg), Bexley and Havering (both around £390–400k). At these prices, a 10% deposit is under £40,000 and stamp duty relief means you pay 0% on the first £300,000.

First time buyer guide →

Remortgaging

If you bought in London 5 years ago, rising prices across most boroughs mean your LTV has likely fallen significantly — unlocking better rates. Inner London boroughs like Hackney and Lewisham saw strong growth, potentially moving buyers from 85% to 70% LTV.

Remortgage advice →

Buy to let investors

Outer boroughs offer stronger rental yields relative to purchase price. Barking & Dagenham, Havering and Croydon typically offer gross yields of 5–6%, compared to 3–4% in prime central London. Our BTL advisers can model the full picture.

BTL mortgage guide →

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