Do interest rates matter? Number of mortgaged homes falls

Do interest rates matter? Number of mortgaged homes falls

Only 6.8m homes in England now have mortgages, just 28 per cent of the overall market and about two per cent down from the level five years ago.

Research by mortgage firm Henry Dannell shows that the reduction in total homes owned with the help of a mortgage has been most notable in the East of England, down three per cent since 2017. 
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Source: Estate Agent Today


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In 2025, £344bn was spent on property across Great Britain and Northern Ireland. Follow the money and the market’s geography becomes clear. Some regions dominate, others quietly punch above their weight. It’s a powerful reminder that the UK property market isn’t one story, but many regional economies moving at different speeds.

Not every home that goes on the market ends up sold but knowing the reasons why can be the difference between “listed” and “sold”.

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