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 to compare rates 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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