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 2019No matter what 2020 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.
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The above article is purely for information purposes and does not constitute advice.
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