St Albans has been named as the most expensive city in Great Britain for first-time property buyers, excluding London.

Analysis by property website Rightmove found that average monthly mortgage payments for a first-time buyer type home in St Albans are now £1,958.

That makes it the most expensive city outside of London, followed by Bath and Cambridge at £1,765 and £1,763 per month respectively.

The analysis found that the average asking price for a typical first-time buyer type property - meaning two bedrooms and fewer - in St Albans was £393,485.

Average monthly rent for similar properties in St Albans was found to be £1,433, which is £525 less than the average mortgage payment.

At the other end of the scale from St Albans, Bradford was found to be the cheapest city for first-time buyers, with the average monthly mortgage payments for a first-time buyer type home being £521 per month.

In their analysis, Rightmove analysed the average monthly mortgage payment of a typical first-time buyer type property (2 bedrooms and fewer) and the equivalent monthly rent in more than 60 cities across Great Britain.

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The data assumes first-time buyers are taking out a five-year fixed, 90 per cent loan-to-value (LTV) mortgage at the best-buy rate of 4.45 per cent, spread over 25 years.

Across Great Britain, a typical first-time buyer home now costs £226,399 - a record high - and the 4.45 per cent best-buy rate on a five-year fixed, 90 per cent LTV mortgage is up from 2.79 per cent at this time last year.

The average mortgage payment on a first-time buyer property in Great Britain is now £1,127 per month, just above the average asking rent of £1,120 per month.