Over half to own home outright by 2014
More people are likely to own their home outright than have a mortgage by 2014, according to analysis by Hometrack, a property research company.
The rising proportion of outright homeowners, currently representing 47 per cent of homeowners, reflects the difficulty faced by new buyers in getting mortgages along with the trend for 1960s baby boomers to take advantage of low interest rates to pay off their debt.
17th September 2012 The Financial Times
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