Percentage of Homeowners with Mortgages, across different age groups.

The graphic provides a clear insight into the percentage of homeowners with mortgages across different age groups in the UK.

Interestingly, the data reveals that 81% of homeowners aged 18 to 24 have mortgages, which might be lower than expected given the financial challenges typically faced by younger adults. This could be due to parental support?

The 25 to 34 age group sees the highest percentage at 92%, reflecting the peak period of mortgage acquisition. As age increases, the percentage of homeowners with mortgages decreases, with 87% in the 35 to 44 group and 77% in the 45 to 54 group. This trend continues significantly in older age groups: 55 to 64-year-olds at 39%, and only 7% for those aged 65 and over. This sharp decline highlights the natural progression of mortgage repayment over a homeowner's life.

The statistics of Bolton homeowners with mortgages, broken down by age, should be released later this year or early next year. Once they have been, We will share them with you.

In the meantime, do you have any observations or comments on what you see regarding the UK figures? Any surprises?

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)

Confirm

Paperwork Before Paint: The Smarter Way to Sell

A fresh coat of paint can help, but missing paperwork can delay a sale for months. Use August to prepare the information buyers and solicitors will need before an offer is agreed.

CLICK HERE >

What good property management actually looks like from the inside.

Property management is about far more than collecting rent. In this week's article, Katie explains what a professional property manager really does behind the scenes, from compliance and maintenance to market advice and protecting your investment, so you can spend less time worrying and more time growing your portfolio.

CLICK HERE >

Why the best landlords in Bolton stopped self-managing.

The words we hear most from new managed landlords? "I wish I'd done this years ago." In this week's article, Katie explores why making the switch to professional management is about more than saving time – it's about improving returns, reducing risk and running a stronger, more efficient portfolio.

CLICK HERE >

The difference between a landlord and a property investor.

Are you spending your time growing your portfolio, or simply running it? In this week's article, Katie explores the difference between being a landlord and being a property investor, and why shifting your focus from day-to-day management to long-term strategy could transform both your returns and your lifestyle.

CLICK HERE >