Improving Not Moving
In the 1980's, a fast-moving property market meant a home move every eight years on averge, whereas today the average time a homeowner in the UK stays in their property is 21 years.
Rising houses prices, higher stamp duty and the actual cost of moving are some of the factors to be considered when deciding whether to take the next step up the property ladder, with more people now choosing to spend money on improving rather than moving.
Wide Variations Seen
Regional variations can be seen with some of the most expensive areas of London (Kensington and Chelsea) having an average 35 years between moves compared to only 15 years in parts of Kent (Dartford), South Derbyshire, East Lothian and Salford.
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Your home may be repossessed if you do not keep up repayments on your mortgage
Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.