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Pensioners (Home Owners)

Volume 204: debated on Thursday 27 February 1992

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To ask the Secretary of State for Social Security what proportion of pensioners are owner occupiers and have paid off their mortgage.

The latest figures available show that in 1988, 50 per cent. of pensioners were owner occupiers, of whom 46 per cent. owned their homes outright. This compares well with 1979, when only 38 per cent. owned their homes outright.