The UK cities where you pay off your mortgage quicker than anywhere else

Mortgage payments – It seems like a lifetime to reach that final instalment.

But where in the UK will you have to work the most (and least) hours to pay off your big investment?

New research from Coulters Property has identified the average house price and salary in every major town and city in the UK to reveal where you will need to work the most, or least, to pay off your mortgage if you put down a 15% deposit.

You can view the full research here: https://www.coultersproperty.co.uk/mortgage-hours-how-many-hours-do-you-have-to-work-to-pay-off-your-mortgage

The least hours needed to pay off a mortgage (by town/city):

Rank	Town/City	Average Mortgage Amount (£)	Average Hours To Pay Off Mortgage	Average Number of Work Days (8h) To Pay Off Mortgage
1	Sunderland	£96,678	7,905	988
2	Stoke-on-Trent	£99,081	8,135	1,017
3	Dundee	£109,847	8,241	1,030
4	Middlesbrough	£94,693	8,314	1,039
5	Kingston upon Hull	£96,532	8,611	1,076
6	Aberdeen	£120,193	8,716	1,089
7	Glasgow	£121,287	8,719	1,090
8	Blackpool	£92,044	8,997	1,125
9	Liverpool	£121,323	9,027	1,128
10	Bradford	£123,072	9,846	1,231

It’s easier to save for a mortgage up north, with Sunderland ranking No.1 for the least hours needed to pay off a mortgage. With an average mortgage of £96,678, people will only need to work 7,905 hours to pay off their mortgage.

The most hours needed to pay off a mortgage (by town/city):

Rank	Town/City	Average Mortgage Amount (£)	Average Hours To Pay Off Mortgage	Average Number of Work Days (8h) To Pay Off Mortgage
1	London	£415,785	24,487	3,061
2	Oxford	£363,580	22,695	2,837
3	Cambridge	£384,816	21,977	2,747
4	Brighton and Hove	£322,188	20,693	2,587
5	Bournemouth	£248,889	19,567	2,446
6	Watford	£304,470	18,982	2,373
7	Slough	£256,256	17,564	2,195
8	Southend-on-Sea	£246,847	17,083	2,135
9	Bristol	£253,751	16,996	2,125
10	Reading	£242,204	16,890	2,111

Unsurprisingly, London is the city where it takes the longest to pay off a mortgage, followed by Oxford and Cambridge where people need to spend 22,659 and 21,977 hours to pay off their mortgage.

Average hours to pay off a mortgage (by region):

Southerners in the South East (19,076 hours) and South West (17,522 hours) take nearly twice as long to pay off their mortgage compared to the North East (9,064 hours).

Londoners need to spend three times longer than the North East to be able to afford their average mortgage amount of £415,785.

Scotland (9,283 hours) is the lowest of the four nations for average hours to pay off a mortgage. In other parts of the UK, it would take you 11,734 hours to pay off your mortgage in Wales and 10,005 hours in Northern Ireland.