13 Jun

Brits adopt DIY approach to moving home

Brits adopt DIY approach to moving home

Britons are increasingly taking their home moves into their own hands, Lloyds TSB has found.

Its research shows that 52 per cent of homeowners surveyed by the bank intend to shun the removal experts and shift their possessions to their new property themselves.

In addition, one in ten respondents plan to cut out the middle man and sell their property privately in order to avoid estate agents fees.

On average, people will spend £7,434 on their home move, the insurer found. However, five per cent of homeowners will fork out over £15,000.

"In the current economic environment it's not surprising that consumers are taking a more cost conscious approach to moving home," Alison Burns, director of network mortgage sales at Lloyds TSB, stated.

Abbey reported earlier this week that some two million people are planning to capitalise on falling house prices by moving home in the near future.
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