Average cost of moving home tops £12,000 for first time | Mortgage Introducer

The average cost of moving home in the UK has increased by £4861 over the past year to £12,110 (from £11,624), topping £12,000 for the first time, Lloyds Bank has found. This 4% rise in costs comes at a time when the annual growth in average earnings is at 2.9% and the price that consumers have to pay for goods and services is up 2.42%2. Source: Average cost of moving home tops £12,000 for first time | Mortgage Introducer

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First-time sellers see interest rate rises as biggest challenge | Mortgage Introducer

First-time sellers see interest rate rises as biggest challenge to moving up the property ladder, Lloyds Bank found. Lloyds Bank’s annual Second Stepper report found one in three (35%) of these households believe it will be more difficult to sell their home this year. This is with worries over the economy, the size Source: First-time sellers see interest rate rises as biggest challenge | Mortgage Introducer

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