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. 
To continue reading, please click here.
Source: Estate Agent Today


Get in touch with us

The "Generation Rent" narrative is shifting. New data shows under-35 homeownership jumped from 31% to 42% in a decade, while it actually fell for those aged 35-64. While affordability is still a hurdle, the dream of owning a home is far from dead for the youth. Is "Generation Rent" getting older? We explore the changing property landscape.

A delightful 2-bedroom modern cottage-style mid-terrace cottage in a desirable mews location in well served village of East Harling. Featuring a cosy sitting room, a well-appointed kitchen/breakfast room, and an enclosed patio garden with off-road parking, it offers comfortable living in a pleasant non-estate village setting.

Ignore the crash headlines. Attleborough’s market is adjusting, not collapsing. With local unemployment at 2.3% and 46.9% of homes already sold (SSTC), demand remains resilient. Sales take an avrge 87 days—a return to a normal market where pricing is key. It’s a slow adjustment, not a disaster. Discover why the 'supertanker' is simply slowing down.

The rental market is still growing, but the way properties are managed has changed. August is a useful time for landlords to review tenancies, rent processes and record-keeping.