Getting that first foot on the property ladder can feel a bit daunting, especially with average salaries and property prices varying widely around different areas of the UK. However, recent research carried out by comparemymove.com has put Middlesbrough in the top 20 towns and cities that is the most affordable place for first time buyers in the UK. Ranking at number 11, some of our North East neighbours also made the list – Hartlepool at number 2, Gateshead at 6 and Sunderland at 9.
Based on an average house price of £134,768, salary of £21,080 and buying with a 15% deposit, the estimated monthly mortgage payment could be around £423*.
Why Middlesbrough is a great place to live
Perfectly placed between the countryside and the coast, Middlesbrough is re-emerging as a city packed with entertainment and culture. Its home to one of the UK’s newest spaces for contemporary and modern art, MIMA (Middlesbrough Institute of Modern Art) as well some great venues that host regular music and comedy gigs from some of the country’s biggest names. Head to the centre of town and you can shop ‘til you drop on Linthorpe Road, or enjoy an artisan cocktail after dark at one of the man spots in Middlesbrough’s ever-expanding nightlife scene.
Expert advice
If you’re looking to buy a property in Middlesbrough or the surrounding areas, getting expert advice is a must. Our mortgage advisers can search over 90 lenders to help find the best option for you, based on your individual needs and circumstances. If you’d like to find out more, get in touch with us by phone on 01642 386319 or send us an e-mail.
*information courtesy of data compiled by comparemymove.com, checked in June 2021
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