The average home owner in the UK spent more than £10,000 when moving house in 2018, with first time buyers spending around £1,761, according to a new study.
The number of homeowners moving house is at the highest level in 10 years, according to analysis by Lloyds Bank, despite warnings that the level of transactions has slumped.
Lloyds found that the number of homeowners getting a mortgage for a new home increased by 2pc to an estimated 370,300 last year, up from 361,300 in 2016.
Some 62 per cent of current home owners feel that moving house has become more difficult over the past 10 years - with many of them also saying the cost of the process is a deterrent to them selling up.
The average cost of moving home in the UK has increased by £628 over the past year from £10,966 to £11,624 - that’s a six per cent rise at a time when the consumer price index has risen three per cent and average earnings are up two per cent.
David Wilson Homes East Midlands has teamed up with the RSPCA to provide pet owners with advice on making moving home as stress-free as possible for their animals.
New research by Post Office Money has revealed that homebuyers will spend an average of £9,472 on the additional costs of moving home, - but have only budgeted for £7,643.
As if there isn't enough stress involved in buying and selling a property, once the purchase is agreed it's far from over.
Stacks Property Search, has some top tips to ensure your move goes as stress-free as possible:
Quick Move Now, has teamed up with Home.co.uk to release an official list of the top 20 worst and best places to sell a house in England and Wales.
The UK property market has experienced turbulence for several months now; from property boom to Brexit, many would-be home sellers have experienced significant highs and now worrying uncertainty as Article 50 is set to trigger at the end of this month.
The number of homeowners moving house in London last year fell to its lowest level for 25 years, according to the latest lending figures.
The Council of Mortgage Lenders (CML) said home-movers in the capital took out just 32,400 loans in 2016.
That was 10% fewer than in 2015 and the lowest number since the recession of 1991.
When buying a house or switching jobs the last thing that might come to mind is making another huge life change.
But psychologists have found that big upheavals create a window of opportunity for getting rid of bad habits, such as smoking.
The University of Bath has discovered that people are more open to new ideas and information when going through a major change.
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