Improving Instead of Moving
The average time a homeowner in the UK stays in their property is 21 years*. This contrasts with the 1980s, when a fast-rising property market encouraged a move every eight years on average. Now though, high prices and Stamp Duty, combined with the other costs of moving, are encouraging us to stay put and spend money improving our properties.
There are variations across the country, with some of the most expensive areas of London (Kensington and Chelsea) showing an average 35 years between moves and only 15 years in parts of Kent (Dartford), South Derbyshire, Salford and East Lothian.
*Zoopla, July 2019
No matter what 2024 has in store, check in with us regularly to ensure you’re on the best products for your needs – lenders continue to offer attractive deals, we can find the most suitable one for you.We don’t tend to publish mortgage rates on our website. In most cases rates are negotiable and based squarely on the individual circumstances of the borrower, their plans, assets and income.
Firco Mortgages is an independent mortgage broker that has strong relationships with the key lenders in the UK mortgage market, including those private banks who do not have a high-street presence. We arrange bespoke mortgage solutions for our clients, providing a tailored one-to-one advisory service, delivered face-to-face or remotely, depending on what suits you.
Please click on ‘Become a Client, Enquire Now’ at the bottom of the page and complete the enquiry form and we will normally contact you within the same working day during business hours or if you would prefer us to contact you outside normal business hours then please advise and we will quite happily do so. Alternatively you can email us with details about your requirements to info@fircogroup.co.uk or call us on 0151 372 0388
The above article is purely for information purposes and does not constitute advice.
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