Where affordable housing is needed | Archive Titles

Area	Cost of renting	Cost of mortgage	% difference
Sedgefield	£2,910	£3,396	16.7
Newcastle upon Tyne	£2,716	£5,444	100
Manchester	£3,005	£4,926	63.9
Harrogate	£3,390	£7,907	133.2
Birmingham	£3,304	£5,496	66.3
Milton Keynes	£3,551	£6,999	97
Cannock Chase	£3,300	£5,548	68.1
Hammersmith and Fulham	£4,007	£12,963	223.5
Sevenoaks	£3,771	£9,644	155.7
Poole	£3,809	£8,555	124.6
North Cornwall	£3,149	£7,570	140.4
Bristol, City of	£3,432	£6,948	102.4
Note: The figures are all for 2006 and show the percentage difference between social housing rents and an interest-only mortgage at 6.1% with a 15% deposit for a house priced in the lower quartile for that local authority area. The examples are a snapshot of England and not ranked in any order. Source: Savills