The latest research from mortgage adviser Alexander Hall shows that average monthly mortgage costs have fallen across most Premier League local authorities over the past year. Newcastle, Liverpool, Everton and Sunderland were the only clubs to see costs rise.
The study analysed the current market in each Premier League local authority, comparing the average monthly mortgage repayment with figures from a year ago.
Chelsea and Fulham top the table for the most expensive mortgages, with an average cost of £3,708 per month in Hammersmith and Fulham, followed by Arsenal at £3,275 in Islington.
Despite being the most expensive, both areas have seen some of the biggest improvements to affordability.
The average cost in Islington has dropped 15% over the year, while Hammersmith and Fulham is down 13.2%.
In Newham, home to West Ham United, costs have fallen 8.4%, with Bournemouth seeing the largest reduction outside London at 6.3%. Manchester City and Brighton & Hove Albion each recorded a 5.9% decrease.
Newcastle recorded the largest increase, with a 4.4% annual rise in average monthly mortgage costs. Sunderland saw a 1% increase, while Liverpool and Everton each saw a 2.8% rise in the Liverpool local authority.
Stephanie Daley, director of partnerships at Alexander Hall, said: “As football fans gear up for the return of the Premier League, there’s even more reason to cheer this season.
“Improvements to the mortgage landscape over the last year have seen the monthly cost of a mortgage reduce across all but a few Premier League locations.
“This is great news for those looking to climb the property ladder or for homeowners nearing the end of their fixed-term deals, who stand to benefit from lower monthly payments versus last season, giving them a little extra budget to secure that all-important matchday ticket.”
