Location and space to entertain are just two reasons why older homeowners refuse to downsize
As more borrowers simply switched their rate with their existing lender, the number moving to a new lender fell by 12%
Data released today by banking trade body UK Finance has revealed that there were 32,640 new first-time buyer mortgages completed in July, some 5.8 per cent more than in the same month last year.
Applicants will no longer have to supply as much earnings evidence when applying for a mortgage - something the bank says has previously hindered their chances of getting on the housing ladder.
Homes in Blackburn, Oxford and St Helens take the longest, spending more than two months more time on the market than accurately priced ones in the same location, according to Zoopla.

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