We’re comfortable talking about first time
buyers, a journey given much scrutiny and much measurement, but we are much less likely to talk about those moving for the first time.
First time buyers are front of the pack in the Government’s drive for home ownership, with much recent housing policy aimed at supporting their first purchase.
But once they become home owners their journey doesn’t end, even if the state support does. This week we will be looking at the journey home owners face moving on for a second, third, fourth and eventually last time and what their onward mobility means for the rest of the housing market.
Christmas is now a distant memory and we are well into a New Year. With a clean sheet and so much to look forward to, now is a great time of year to re-evaluate your household spending.
It has been recorded that the average first time buyer will under budget by around £6,500 when buying their first home. A recent survey carried out by Aviva showed that almost three quarters of the 2,000 home owners surveyed, under estimated how much was needed to purchase their first property.
Everything is nearly complete and your moving date is in sight, after frantically packing up your belongings, sorting out your final bills and booking removal men is there anything else that you haven’t thought of?
New research shows that 21.2 million people are looking at other ways to help them raise funds to pay for Christmas. According to a survey from Scottish Friendly, 1 in 5 Londoners will be looking for a second job to fund the holidays. Whilst 2 million of us across the UK have planned to ignore Christmas altogether and work to cash in on the extra rewards.