Around 337,500 people moved home last year


Over the course of 2013, an estimated 337,500 people moved home, a rise of three per cent compared to 2012, reports
According to the Lloyds Bank Homemovers Review, the average deposit put down by a homebuyer rose six per cent, reaching £76,398 last year. That equates to around 33 per cent of the property price. Moreover, the average mortgage advance was £154,150, which is 41 per cent higher than a decade ago.
It's believed that buyers are able to put down higher house deposits because their houses are selling for much more. Londoners in particular were able to put down the most, with the average deposit reaching £144,505 - 34 per cent of the property's value. Whereas in Northern Ireland, the average deposit was £36,951, the lowest seen anywhere.
Marc Page, Lloyds Bank mortgages director, said the number of homemovers is set to rise again this year, thanks to Help to Buy.
"As house prices have increased over the last 12 months, we're seeing more people look to take the next step on the housing ladder," he explained. "Higher levels of equity are increasing the average deposits, with this figure now at over £75,000, and this, in turn, is giving home movers more options," reports