Market analysis by real estate debt advisory specialists, Sirius Property Finance, has looked at where Britain’s homebuyers are most reliant on the mortgage sector when making a purchase and where house price growth could stutter should monthly interest payments start to climb as a result of the latest interest rates increase. 

The research shows that: -

• Across Britain as a whole, 67% of all transactions to have been completed since March 2020 have done so with the help of a mortgage. 
• Homebuyers in the South West have been least reliant on mortgage lending with just 60% of purchases completing with the help of a mortgage, followed by the North East (63%) and Wales (64%). 
• In contrast, 76% of all transactions across London have done so with the help of mortgage lenders, with homebuyers in the West Midlands (69%) also most in need of financial assistance when climbing the ladder. 
• London also accounts for the top three areas of the market for mortgage property purchases at a more granular level. 
• Barking and Dagenham ranks top, where 85% of all property purchases since March 2020 have been by mortgage funded homebuyers, with Waltham Forest (84%) and Lewisham (83%) also home to some of the highest levels of mortgage homebuyers across the nation. 
• Other areas where an increase in mortgage costs could dent market activity and house price growth include Midlothian, Slough, Watford, Crawley, Thurrock, Harlow (82%), Croydon, Hillingdon (81%), Rushmoor, Greenwich, Bexley and Stevenage (80%). 

See the full release below:

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Notes:

• Sirius Property Finance provides specialist debt advisory for structured, development and investment real estate finance as well as commercial and regulated mortgages.
• The City based advisor has numerous experts across multiple asset classes including residential, commercial, care, hospitality and the student accommodation space. 
• Born out of the Brightstar Group, the UK’s largest B2B mortgage broker, Sirius ‘specialises in the complex’ – utilising some of the most knowledgeable consultants in the industry.