Source: Office for National Statistics
At local authority level, Wokingham and Dartford were identified as the most mortgage-reliant areas, each with 42% of homes owned with a mortgage. Bracknell Forest followed at 40%, pointing to a concentration of mortgage-backed homeownership across parts of the South East.
Elsewhere, the analysis highlighted Central Bedfordshire as the highest-ranking area in the East of England (39%), South Derbyshire in the East Midlands (39%), South Ribble in the North West (37%), South Gloucestershire in the South West (37%), Bromsgrove in the West Midlands (36%), Stockton-on-Tees in the North East (34%), Wakefield in Yorkshire and The Humber (32%), and Bexley in London (38%).
Source: Office for National Statistics
Alexander Hall also reported continued growth in mortgage-backed homeownership. Across England, the number of homes owned with a mortgage increased by an average of 1% a year over the past three years. The East Midlands posted the strongest regional growth over the period, while Rushmoor recorded the fastest increase at local authority level, with mortgage-backed dwellings rising by an average of 4.1% a year.