Income distribution of households in England 2023, by tenure
Households in the lower income quantiles in England in 2023 were more likely to own a household outright than to be currently buying with a mortgage. As the weekly gross income of a household goes up, so does the likelihood that it occupies a home purchased with a mortgage. Of households in the first quantile (lowest income), 5.6 percent were buying with a mortgage, compared to 39.9 percent in the fifth quantile (highest income).