Distribution of homeowners in England (UK) 2018, by home financing and age

This statistic illustrates the distribution of all owner occupier households in England between 2017/2018, by age group and type of home financing. It can be seen that the older the age group, the larger the share of owner occupier homeowners who purchased their home outright. A share of 0.2 percent of own outright homeowners were between the ages of 16 and 24, whereas a share of 63.7 percent of own outright homeowners were aged 65 and over, a difference of 63.5 percent. Although this is the case, the largest share of homeowners who purchased their house with a mortgage was in the age range of 45 to 54 years old, with a share of 32.5 percent at that time.

Distribution of homeowners in England (UK) in 2017/2018, by type of home financing and age

Age groupBuying with mortgageOwn outright
16-241.2%0.2%
25-34 15.9%1.7%
35-44 29.3%3.1%
45-54 32.5%9.9%
55-64 16.7%21.5%
65 or over4.3%63.7%
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Source

Release date

January 2019

Region

United Kingdom (England)

Survey time period

2017 to 2018

Number of respondents

12,320 respondents

Special properties

Individuals owning their home outright or with mortgage

Supplementary notes

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Statistics on "Home purchasing in the United Kingdom (UK)"

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