The firm’s research shows that 13 April was this year's Mortgage Freedom Day in the UK but those who rent properties will have to wait until 12 May to be in the same position.
The Halifax has calculated that those with a mortgage will have now earned enough on average to cover their mortgage payments for the year 2013.
‘For most home owners, mortgage payments are the biggest outgoing every month. Knowing they've earned enough to pay off their mortgage for another year should be a reassuring thought,’ said Craig McKinlay, Halifax mortgage director.
‘These calculations also highlight the significant difference between buying and renting. If you rent your home, then every year, on average, you will need to do about a month's extra work to cover the cost of renting compared to a mortgage,’ he added.
But in four local authorities, 2013's Mortgage Freedom Day doesn't arrive until after half of the year has passed. In Mole Valley it is 02 July, in Hammersmith and Fulham in London it is 03 July, in Cambridge it is 04 July and in Camden in London it is the 26 July.
Of the UK's 394 Local Authorities, none of the earliest 100 Mortgage Freedom Days take place in the South. Swindon's Mortgage Freedom Day of 07April means it is the only southern Local Authority Mortgage Freedom Day among the earliest 150.
At the other end of the scale, seven of the earliest 10 Mortgage Freedom Days take place in Scotland. The earliest was occurred in Copeland, in the North West, on the 24 February. West Dunbartonshire in Scotland arrived second on 06 March, and Hyndburn in the North West was third on 07 March.
Nationally, there is only a few days difference between the earliest dates, as this year's Mortgage Freedom day occurred in Northern Ireland on the 16 March and in Scotland on the 21 March. England's is the last to take place tomorrow on 16 April.