Suffolk Coastal Mortgage Savings

Homeowners in one part of Suffolk have got the most affordable mortgages in the region.

According to new research out today prices in the coastal part of the county have dropped by £20 over the last year because of low interest rates.

A Suffolk mortgage adviser is warning the savings being made now - won't last. Marilyn Felton from The Mortgage Surgery told Heart: "The bank base rate will change and monthly payments will go up. They won't actually increase the fixed rates but it means getting back to some sort of normality."

Ten most affordable constituencies in East of England

*£’s per £1,000 of income spent on mortgage repayments

Area

Dec-09*

Dec-08*

% change

Suffolk Coastal

128

149

-14%

South Suffolk

128

176

-27%

Central Suffolk and North Ipswich

130

167

-22%

South Norfolk

133

168

-21%

Bury St Edmunds

133

166

-20%

North West Norfolk

138

175

-21%

Huntingdon

143

179

-20%

North Essex

146

191

-24%

Epping Forest

146

208

-30%

Hitchin and Harpenden

146

177

-17%

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