Third of homeowners frustrated with their position

Recent research has suggested that one in three homeowners are not satisfied with their position on the property ladder.

The report, by Lloyds Bank, reveals that 33% hoped to have made more progress on the property ladder by the age they are currently at, with 43% of first time buyers lagging way behind where they hoped they would be.

The aspiration to settle in their ‘forever home’ is a big desire, with 74% of homeowners who are not living in their forever home believing that they will have a further two years’ slog before they can even consider their next move. Over 80% believe that they will have to wait longer now to buy this long term property than they would have done ten years ago.

The survey found that the ideal property had three bedrooms (a desire for 40% of respondents), with a garden, garage and conservatory featuring highly on the wish list.

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