Number of homeowners with over £300,000 outstanding mortgage debt nearly doubles

30 May 2025

The proportion of homeowners with over £300,000 left to pay on their mortgage has nearly doubled over the past seven years. Analysis of the FCA’s Financial Lives Survey by Broadstone found the number of homeowners with over £300,000 of outstanding mortgage debt has risen from 5% to 9% between 2017 and 2024. This is...