Tag: home buying


05

Nov 2021

35 million homeowners

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...

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14

Jul 2021

Gross mortgage lending to FTBs falls by 7% in 2020

Number of new mortgages taken our down by almost 13% COVID-19 has had a major impact on the market in 2020/21, deterring some FTBs from buying a home but also leading the Government to introduce a Stamp Duty holiday, which encouraged strong buying demand ahead of the ending of the holiday. In 2020, IRN Research estimates that first time home buyers (FTBs) borrowed 7.2% less...

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