-
I agree. It was reported on the BBC website and I tried to look into it but couldn't untangle the stats.
The article was going on about people but couldn't imagine only 15% of people in London living in a house with no mortgage. If even vaguely true there's a lot of houses that are owned outright which surprised me.
I just assumed most people had a mortgage then died....
midlife-
had a mortgage then died
That's the dream.
-
Lots of details in https://www.london.gov.uk/sites/default/files/housing_in_london_2020.pdf
A roughly equal share of households in London own their home, either outright or with a
mortgage, and rent their home, either from a public or a private landlordAbout 25% of households in London have a mortgage. Similar own outright. Same again are private rented and the rest are social rented.
snottyotter
jellybaby
That needs some unpacking before it becomes meaningful.
Is that 15% of properties? Or 15% of privately owned residential properties?