new homeowners

New Homeowners Altered Spending Behaviour To Get On Property Ladder

New home owners in house after getting on the property ladder

New research from the UK’s leading price comparison site MoneySuperMarket reveals that over half (58%) of British homeowners made tactical changes to their spending habits in order to get onto the property ladder.

Nearly a quarter (23%) spent on a credit card and cleared the balance at the end of each month in order to improve their profile to potential lenders, while nearly a third (32%) actively paid off existing debts in the run up to their mortgage application. 9% also used cash more frequently during this timeframe to ensure lenders couldn’t see everything that was being paid for.

Property Priorities: New homeowners will kip on the floor for a month

Property Priorities: New homeowners will kip on the floor for a month, but candles and cushions are unpacked within a week

·         For 57% of homemovers, the kettle is the first item that is unpacked
·         Over half (57%) of new homeowners set up the Wi-Fi router within 24 hours
·         A third (32%) of homemovers will live without a wardrobe for a fortnight or more
 
One in twelve (8%) UK homeowners admit they slept on the floor for a month or more after moving into their new home, according to a new study by UK housebuilder Redrow.
 
The research, which polled almost 2,000 homeowners, looked into how we approach the challenge of setting up home and asked questions about priorities and unpacking that all important first box.
 

Time for tea! The kettle is the first thing we unpack when we move house

Time for tea! The kettle is the first thing we unpack when we move house

One in twelve new homeowners sleep on the floor for a month or more after moving house, yet nearly two thirds (65%) take a fortnight or less to ‘dress’ rooms with candles and cushions.

Over half (57%) of new homeowners set up the Wi-Fi router within 24 hours, but a similar percentage (52%) wait a week or more to get the washing machine installed.

 

 

One in 20 Brits take more than a year to unpack after a house move, but most get the Wi-Fi up and running in 24 hours, according to a new study by UK house-builder Redrow.

The research, which polled almost 2,000 homeowners, looked into how we approach the challenge of setting up home and asked questions about priorities and that all important first box.