UK Money News
13th June 2008
Savvy movers take the DIY approach
Cash-strapped home movers are cutting costs when they move into their new property by shunning the services of removals firms, it has been revealed.
A poll conducted by Lloyds TSB Mortgages found that 52 per cent of people who are planning a move intend to undertake the removal process themselves to help save cash.
The DIY approach can be attributed to the constraints on finances resulting from the credit crunch and the high cost of moving, which currently stands at an average of £7,434.
Alison Burns, director of network mortgage sales at Lloyds TSB, commented: "In the current economic environment it's not surprising that consumers are taking a more cost conscious approach to moving home.
"Shopping around for good deals and opportunities to earn rewards on your spend is always a good idea but there are some areas where you should not cut corners, such as legal fees and a thorough survey, as this could end up costing you more in the long run."
The study also found that one in five home movers spends over £15,000.
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