People in the UK 'quick at choosing dwelling'

When it comes to picking a place to live, Britons take an hour and a half, according to new research.

This is faster than the time it takes most to choose a holiday, Abbey Mortgages has stated.

People in the UK may be decisive, but 49 per cent of respondents to the survey reported an initial setback after buying the property - a problem that may have been addressed if they had taken more time.

Similarly, the report added that some people found other problems, such as the neighbours (14 per cent) or decor that was not to a particularly high standard (21 per cent).

"It really is crucial that home-buyers do as much research as possible before making an offer on a new property," said Abbey head of mortgages, Nicci Audhlam-Gardiner.

Meanwhile, today's interest rate decision could see one in seven homeowners struggle to make payments, according to a report from Firstrung.

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