Where do we stand with our mortgages today?

The Council of Mortgage Lenders has released its snapshot on outstanding mortgage rates.

Number of UK households with a mortgage: 11.1m.

Average outstanding mortgage: £110,800.

The average outstanding mortgage rate (September 2009): 3.58 per cent.

Average monthly payment on a £110,000 repayment mortgage at 3.58 per cent: £561.

Average monthly payment on a £110,000 interest-only mortgage at 3.58 per cent: £328.

A year earlier (September 2008) the average outstanding rate: 5.81 per cent.

Average monthly payment on a £110,000 repayment mortgage at 5.81 per cent: £704.

Average monthly payment on a £110,000 interest-only mortgage at 5.81 per cent: £533.

The average outstanding rate over the last 10 years was 5.6 per cent.

How UK mortgages break down: Approximately 42 per cent on fixed rates, 58 per cent on variable rate products.

KEY STATISTICS FOR NEW UK MORTGAGE LENDING IN AUGUST

Average first-time buyer mortgage: £100,000.

Average home-mover mortgage: £123,207.

Average new mortgage for house purchase: £112,030.

Average gross income for first-time buyer: £33,331.

Average gross income for home mover: £47,327.

Average proportion of income first-time buyers spend on mortgage interest payments: 15.2 per cent.

Proportion of all borrowers taking out a fixed-rate mortgage: 76 per cent.

Proportion of borrowers taking out a tracker mortgage: 14 per cent.