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Official figures show slight increase in people renting homes in England

It shows that some 67% of the 21.6 million households in England in 2009/10 were owner occupiers, 17% were social renters, and 16% were private renters. Owner occupation declined by 4% from 14.8 million in 2005 to 14.5 million in 2009/10.

It also found that the average weekly rent in 2009?10 was £156 for private renters, compared with £75 for social renters and 33% of private renters had lived in their home for less than a year, compared to 2% cent of owner occupiers and 8% of social renters.

Only 4% of owner occupiers were recent first time buyers, that is bought within the previous three years, with the majority of these, 61%, being aged between 25 and 34.

Over two thirds, 68%, of new households formed in 2008/09 and 2009/10 were living in the private rented sector.

The report also shows that 44% of owner occupier households comprised couples with no dependent children; only 3% were lone parents with dependent children and nearly a quarter (24%) of all owner occupier households consisted of only one person.

The vast majority of owner occupiers, some 90%, owned the freehold of their house; a further 4% owned leasehold houses and 6% had leasehold flats.

The number of households owning their home outright rose from 5.6 million in 1999 to 6.8 million in 2009’10. Almost 8.5 million households were buying with a mortgage in 1999; this fell to 7.9 million in 2009/10 compared to 5.1 million in 1996’97. The number of repayment mortgages had increased from 2.8 million to 5.2 million over the same period of time.

The overall mean weekly mortgage payment in 2009/10 was £140. This varied according to the age of the HRP, from mean mortgage payments of £155 per week for households with HRPs aged 25 to 34, to £76 per week for those aged 65 or older.

The majority of second homes, some 55%, owned or rented by the HRPs of households living in England were located outside of the UK.