How Many Leicester Homeowners Have Paid Their Mortgage off?

Leicester Property Blog

The Government’s Annual Housing Survey is 50 years old this year. It has taken a snap shot of the UK’s property market every year since 1969 and in the recently published report for 2018, it wasn’t a surprise that owner occupation is still the most predominant tenure, yet now more people own their home without a mortgage rather than having a mortgage as the number people buying their first home (obviously with a mortgage) has declined since the Millennium. The report also shows homeowners (mortgaged and owned outright) are, on average, older than renters and between the homeowners themselves, those who are mortgage free are older than those with a mortgage. Want to know more? If you would like more information about buying, selling, letting a home in Leicester and Leicestershire, please feel free to drop me a line @ [e-mail] or call me 07917 899 495.