Britons moving house in the run-up to Christmas typically maintain control over their finances, it has been observed.

Despite the expenditure often incurred when relocating, Alliance & Leicester claims consumers generally cope well with budgeting for such costs.

The majority (53 per cent) of respondents to a survey from the financial institution claim that moving house did not affect their planning for the holidays.

But for the remaining 47 per cent, taking out a secured loan on their new property could be a means of tackling their stretched finances.

Stephen Leonard, director of mortgages at Alliance & Leicester, comments: "With so many people moving into their new homes during the run-up to Christmas it can feel like a rush to get the family settled."

He adds that the ability of many Britons to cope with the costs is "very encouraging".

Recent figures from the Royal Institution of Chartered Surveyors found that an increasing number of homeowners are choosing not to move in the current climate of rising mortgage costs.

Secured loans could be an ideal way for some such households to address any short-term affordability issues which they encounter.ADNFCR-1287-ID-18359287-ADNFCR

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