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Aberdeen is the cheapest city to get on the property ladder out of 50 analysed by Rightmove.

Carlisle is the cheapest for renters across Britain, the property site found.

At the other end of the spectrum, St Albans in Hertfordshire was named as the most expensive city to be a first-time buyer outside London.

Meanwhile, Oxford was the most expensive outside London to rent.

The research made certain assumptions about mortgage costs, including that first-time buyers in Scotland and Wales had a 20% deposit and in England a 25% deposit, all taking out a five-year, fixed-rate mortgage at average rates.

The average asking price for a property with two bedrooms or fewer in Aberdeen was £102,601, working out at around £406 monthly mortgage payments.

The average advertised rent in Carlisle was £607 per month.

These charts round up the headline numbers…

What are the average mortgage and savings rates?

Earlier this week five big lenders (NatWest, Barclays, Accord, Leeds Building Society and HSBC) hiked mortgage rates amid uncertainty over when interest rates will be cut.

While UK inflation fell in March, figures came in higher than expected in America – with economists divided about what this means for the cost of borrowing here.

Some think the UK’s battle with inflation is more under control and see the Bank of England easing the base interest rate from 5.25% to 5% in June (interest rates are kept high to squeeze spending, which generally brings down inflation), but other analysts suggested the Bank may delay until later in the year.

With all this speculation, we thought it was a good time to provide an overview of where average mortgage and saving rates stand as of yesterday, courtesy of data from Moneyfacts.

Mortgage rates

• The average two-year fixed residential mortgage rate is 5.83%;
• The average five-year fixed residential mortgage rate is 5.40%;
• Average two-year buy-to-let residential mortgage rate is 5.54%;
• The average two-year tracker rate is 6.09%.