AROUND 95,000 homeowners moved home to get away from ‘neighbours from hell’ in the last two years, according to figures from Abbey Mortgages - Alison Steed
AROUND 95,000 homeowners moved home to get away from ‘neighbours from hell’ in the last two years, according to figures from Abbey Mortgages.
Nici Audhlam-Gardiner, Director of Abbey Mortgages, said:"The saying "love thy neighbour" seems long forgotten as so many of us plan to move each year just to get away from those next door.”
However, the most common reason to move was to climb the property ladder, with nearly 218,000 people citing this as their reason for upping sticks and heading to pastures new.
Another 102,000 people were downsizing their property, and 108,000 people had the delightful reason that they had found their dream home.
Less appealing reasons resulted in 6,800 people moving home, as difficulties in their financial position, including redundancy, had forced a rethink on their property. A further 40,800 parents were moving home to get into the catchment area of their preferred school for their children, according to the research.
Ms Audhlam-Gardiner, said: “People are still moving for positive reasons such as the desire to move up the property ladder or as a result of their dream home coming on to the market. We have seen a fifty per cent increase in the number of people applying for mortgages to buy a new home in recent months compared to the average monthly applications for purchase mortgages for the first half of the year.”
Alison Steed is editor and co-founder of MyMoneyDiva.