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 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.

A new £2m-plus home surcharge is billed as progressive, but its impact falls mainly on London and the South East, where many owners now face an annual bill from 2028. Critics warn it punishes long-term residents, cools the prime market and deepens regional divides, even as households weigh downsizing. Many fear a new cliff edge at £2m too.

Many would-be buyers hesitate, waiting for calmer times before taking the plunge. Yet history shows that waiting often costs more than acting. While renters lose money monthly, owners build equity and stability. The market rewards time, not timing—progress starts the moment you buy.

Thinking about moving home in Attleborough over the next year? Whether you’re a first-time buyer, landlord, or homeowner, understanding whether today’s market favours buyers or sellers is key. Here’s a closer look at Attleborough’s 2025 property trends and what they mean for you.