A THIRD of homeowners expected to be further up the housing ladder than they are now, according to a survey by Lloyds TSB.
More than half believe the conditions in the housing market are impacting on their aspirations. The house that the majority of homeowners in the UK hope to make their long-term home is a three-bedroom detached property. Others aspire to a home with a garden and garage.
Stephen Noakes of Lloyds TSB says: “With activity in the housing market still subdued, many current homeowners are not seeing the improvements in the value of their property that so often provides them with the equity to take that next step on their ladder.”