Two-thirds of adults lived in same home for over 15 years

Published on

Houses

New research from mortgage and loan broker Ocean Finance has found that 60% of adults say they have lived in the same house for more than 15 years, and one in 10 say they haven’t moved for 31 years or more.

However, 23% of those questioned by Ocean Finance have lived in 10 or more homes in their lives. Moving is most prevalent among younger people – 54% of people aged under 25 have already lived in as many as three places. On average, people typically move three more times before they are 45.

People in the south east and east of England are more likely to move house frequently, with 27% of those in the east of the country and 30% in the south east saying they have lived in 10 or more properties. People in these regions are also less likely to have lived in one place for more than 15 years – at 58% and 56% respectively.

Conversely, people in the East Midlands and Wales are the most likely to stay put, with 70% of people from the East Midlands saying they have lived in the same place for more than 15 years. This figure dropped slightly to 67% among respondents in Wales.

Ian Williams from Ocean Finance said: “Whilst moving home is common amongst the young, what is remarkable is how people seem to stay put once they’ve found a place that they like. One in 10 of us will stay in the same house for more than 31 years.

“There is also evidence of young people being forced to live at home or ‘boomeranging’ back home after studying away – with 16% of people under 34 saying they have lived in just two places.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Advisers warned of regulatory risks over neglecting wills and LPAs in later life lending

Financial advisers could be falling short of regulatory expectations and endangering customer outcomes by...

Rosemount Financial Solutions announces senior promotions

Rosemount Financial Solutions (IFA) has announced a series of senior promotions as the growing...

L&G adds Harpenden Building Society to surveying services panel

Legal & General (L&G) has expanded its Mortgage Services business with the addition of...

HTB appoints Alexia Evans as lending director to strengthen development finance team

Hampshire Trust Bank (HTB) has appointed Alexia Evans as lending director within its development...

Other news

Advisers warned of regulatory risks over neglecting wills and LPAs in later life lending

Financial advisers could be falling short of regulatory expectations and endangering customer outcomes by...

Rosemount Financial Solutions announces senior promotions

Rosemount Financial Solutions (IFA) has announced a series of senior promotions as the growing...

L&G adds Harpenden Building Society to surveying services panel

Legal & General (L&G) has expanded its Mortgage Services business with the addition of...
Advertisement