The proportion of first-time buyers snapping up homes has
overtaken the number of existing home-owners moving house for the first time
since 1995, analysis has found. Across the UK there were 170,000 home-movers in
the first half of 2018 compared with 175,500 first-time buyers, according to
the Lloyds Bank Homemover Review, which only looked at properties bought with a
mortgage. It was the first six-month period when the proportion of first-time
buyers had been higher than home-movers since the first half of 1995. Moving
costs, a lack of suitable properties and potential interest rate rises may be
weighing on home-owners' minds when deciding whether or not to move, the report
suggested. Read more on the AOL website.
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