All our branches are now open. Health and safety remains our main priority, and in line with government’s advice, a number of strict measures have been put in place to protect our staff and customers

Sentiment survey shows 'second steppers' are optimistic

Sentiment survey shows 'second steppers' are optimistic

Confidence amongst 'second steppers' - those aiming to sell up to move to larger homes - is improving according to a survey from the Clydesdale and Yorkshire banks.

Almost 40 per cent of first time homeowners surveyed are planning to take their second step on the property ladder - a third more than this time last year. 

About a third are moving out of necessity as their families have outgrown the size of their existing home; most of the rest are focused on moving up the property ladder, notwithstanding economic and political uncertainty.

The research also underlined the variety of aspirations of 'second steppers' across the UK. 

Those in the North East and North West are the most focused on moving with 48 per cent hoping to buy a new home, compared to just 29 per cent of those in the more expensive South West of England. 

For those unsure about moving, affordability is cited as the main concern for almost one in three. Another 18 per cent were hesitant about taking on larger mortgage commitments, even if they could afford to do so.


Article courtesy of Estate Agent Today | Sign up for Estate Agent Today newsletter | Get this news on YOUR site!