The type of mortgage that customers prefer has reversed over the last ten years, the Survey of English Housing (SEH) reveals.
In contrast with a decade ago, two-thirds of mortgage borrowers today have repayment loans while only 25 per cent have interest-only mortgages , the Council of Mortgage Lenders cites the SEH report.
The situation for first time buyers has deteriorated over the last few years, the survey points out.
Four years ago, it was more likely for a person under the age of 30 to buy a home than to rent , according to the Council of Mortgage Lenders .
Today, however, 40 per cent of these people rent, while only 36 per cent take out a mortgage to buy their first home .
Fewer British homes have dependent children, but of families with kids, 81 per cent own their own home.
The social sector provides accommodation for the majority of single parents, 45 per cent, with 37 per cent of them owner-occupiers.
The SHE is a household survey that interviews a sample of 20,000 British households annually.
Mortgage choice reversed, survey shows
Mortgage Quote Line
0845 108 0505
Mortgage choice reversed, survey shows
Tue, 08 Nov 2005
Recommended links
People 'lack mortgage knowledge'First Time Buyer Guide
Try our online mortgage calculators
Mortgage choices for first-time buyers in UK market
Wales singled out in buy-to-let mortgage survey
Spain most popular with mortgage hunters, reveals survey
Mortgage hunters need to protect identity, suggests survey
Egg on top in mortgage survey
New Landlord Mortgages survey of buy to let
Buy-to-let mortgage holders ready for changes, survey suggests
Mortgage choice reversed, survey shows
Promising buy-to-let market, suggests survey
Survey sheds light on desirable features for would-be mortgage holders
Survey: Graduates struggle to become first time buyers
New mortgage survey suggests housing market confidence is bullish
Survey shows mortgage confusion
Landlords confident about rising buy-to-let demand, survey indicates
Buy-to-let mortgage investment on the up, survey shows
Mortgage holders were ready for hike, says survey
First-time buyers still struggling, survey says
Home information packs to encourage surveyors, mortgage sector told
More mortgage holders find a remortgage, survey shows
Parental help needed to become first-time buyers, CML survey shows
Spending of life mortgage money revealed by survey
"Rate tarts" cause rise in exit fees, survey says
Mortgage holders want loyalty rewarded, survey says
Pink conducting interest only mortgages survey
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage