Household rent, repayment mortgage payment in latest prices (weekly, CPI-adjusted real terms)

Dataset: Family Resources Survey (Household)

Field: Household rent, repayment mortgage payment in latest prices (weekly, CPI-adjusted real terms)

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Weighted Median of Household rent, repayment mortgage payment in latest prices (weekly, CPI-adjusted real terms)

Weighted indicates that underlying sample of individuals in the Family Resources Survey (FRS) has been weighted or 'grossed up' to represent groups of individuals with certain characteristics in the whole population.
Median rent, repayment mortgage payment is the middle Household rent, repayment mortgage payment identified by dividing the population of individuals, when ranked by rent, repayment mortgage payment, into two equal-sized groups.

Weighted Mean of Household rent, repayment mortgage payment in latest prices (weekly, CPI-adjusted real terms)

Weighted indicates that underlying sample of individuals in the Family Resources Survey (FRS) has been weighted or 'grossed up' to represent groups of individuals with certain characteristics in the whole population.
Mean of household rent, repayment mortgage payment is calculated by adding up rent, repayment mortgage payments for each household in the population and dividing the result by the number of households.

Description

The household rent, repayment mortgage payment in latest prices (weekly, CPI-adjusted real terms), as reported by FRS respondents, where:

A household consists of one person living alone or a group of people (not necessarily related) living at the same address, who share cooking facilities and share a living room or sitting room or dining area. A household will consist of one or more benefit units.
A repayment mortgage is defined as a mortgage in which the borrower repays the capital and interest together over a fixed period of time in fixed instalments.
There are two types of renting which are social and private.

Social renting includes all cases where the local authority is the landlord and all housing associations, including New Town Development Corporations and the Scottish Special Housing Association except where accommodation is part of a job.
Private renting is defined as all cases where the property is rented from a private landlord, including rent-free. Rent-free accommodation is any accommodation provided free by an employer or by an organisation to a self-employed respondent, provided that the normal activities of the tenant are to further the cause of the organisation (e.g. Church of England clergy). Accommodation is not rent-free if anyone, apart from an employer or organisation, is paying a rent or mortgage on a property on behalf of the respondent.

Classification

Applicable to: all individuals in a household.

Quality Statement

Prior to 2008 to 2009, the "social rented sector" was split into "Rented from Council" and "Rented from a Housing Association" groups. This division was removed combining the categories because it was found to be unreliable. Comparison with administrative data showed that a significant number of housing association tenants wrongly reported that they were council tenants. For instance, where their home used to be owned by the council and although ownership has now transferred to a housing association, the tenant may still think that their landlord is the council (local authority).

Also in 2008 to 2009, a split between furnished and unfurnished private renting was removed.

Further information can be found in the FRS Background Note and Methodology here.