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

A well-presented two-bedroom home tucked away at the end of a quiet cul-de-sac. Offering bright open-plan living, a fitted kitchen with garden access, modern bathroom, generous parking and a private enclosed garden—ideal for first-time buyers or those seeking easy, comfortable living.

At Millbanks, we believe estate agency should be proactive, personal, and genuinely helpful. Discover how our investment in AI-powered technology is transforming your property journey, making it smoother and more efficient.

Artificial intelligence is starting to shape the way people sell, buy, rent and let homes. Used well, it can make the moving process smarter, faster and more connected.

The data is clear. Nearly 42% of UK homes find a buyer within the first four weeks of hitting the market, proving those early days matter most. Serious buyers act fast, and pricing correctly from Day One creates momentum. Testing the market can work, but only briefly. Stay overpriced too long, and buyers move on. Click the link to learn more...