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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January 2026 showed a market regaining momentum. Across much of the UK, sales agreed are running ahead of two years ago, led by the Midlands and East. Scotland and Wales are also strengthening. London remains mixed, and Northern Ireland softer. This is not a boom, but a steady, broad based rebuild driven by realistic pricing.

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Over the past 25 years, UK house prices have risen significantly, quietly building wealth for homeowners along the way. While markets move in cycles, the long-term trend remains clear. For many households, their home has become one of the most consistent and powerful drivers of personal wealth.

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