35 million homeowners

05 Nov 2021

19.2 million homes in owner occupation

There are around 35 million homeowners in the UK, owning 19.2 million homes. Homeowner split into outright owners who own their homes without a mortgage and those buying their home with a mortgage (mortgagees). 51% of owner occupied homes are owned by outright owners and 49% by mortgagees. Compared with outright owners, those buying with a mortgage are more likely to be female, below the age of 54, more affluent in terms of social grade and gross household income, in a partnered relationship, and a first-time buyer when they purchased their home

Around three-quarters of all homeowners who purchased their homes between 2016 and 2021 are mortgagees, with two-thirds of those buying their home with a mortgage having purchased their current home in the past five years compared with only around one-in-five outright owners. The year of purchasing their homes means just over one-quarter of mortgagees purchased their current homes during 2020/21 and around 30% of all homeowners have been impacted by COVID.

These and other findings come from the IRN Research Report Homeowners 2021.

About the Report

This mini report looks at individuals who own their own homes, either outright or with a mortgage. The aim of the report is to identify who homeowners are, how outright owners differ from those owning with a mortgage and the recent housing and mortgage market activity of the two groups. The report (31pp) is available from IRN research priced at £300 (no VAT). Details of the report can be seen here

Related IRN Reports

Non-First Time Buyers Mortgages Customer Journey 2021

First Time Buyer Mortgages Consumer Research Report 2021

UK Conveyancing Market 2021

First Time Buyers Market Trends Report 2021

Improving The Home Buying Process 2020

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