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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This superbly presented 4-bed detached family home in Attleborough offers modern, comfortable living. Including dual-aspect lounge with ornamental fireplace, versatile dining/study, spacious kitchen/breakfast room with twin doors to the garden, dual-aspect master with en suite, family bathroom, garage, driveway, and enclosed rear garden.

In Attleborough, the blend of property types mirrors the town’s character—from flats to semi detached homes and spacious detached homes. This mix, shaped by local history and planning, reveals not just housing trends but the lifestyle choices of the people who call Attleborough home.

This map highlights the average size of homes sold across the UK since 2020, measured in square feet from completed sales. What stands out is how little the averages vary between regions, despite very different housing types. Northern Ireland is the clear exception, with noticeably larger homes on average.

Many Attleborough homeowners set out to move with optimism, only to find their plans stalled before they ever got going. The market has shifted, expectations have drifted, and ambitious pricing has quietly derailed countless moves. Understanding why this happens is the first step toward making your next chapter a reality.