Clients Introducers
  • About
    • Our Story
    • Simplify
    • Our Awards
    • Corporate Social Responsibility
  • Services
    • Our Services
    • Direct Conveyancing Service
    • Panel Management
    • eWay
    • Remortgage
  • Careers
    • Why Choose Us?
    • All Vacancies
    • Learning and Development
    • Employee Benefits
    • Meet Our People
    • Policies
      • Our Gender Pay Gap Report
      • Slavery and Human Trafficking Statement 2020/2021
      • Recruitment Privacy Policy
  • Introducers
    • Our Partners
    • Introducer eWay
    • Direct Conveyancing Service
    • Panel Management
    • Lender Services
    • Remortgage
    • Account Management
    • My Home Move My Reward Scheme
  • Clients
    • What is Conveyancing?
    • Client Services
    • eWay Demo
    • FAQs
    • Get an instant quote
  • Premier Property Lawyers
    • Our-in-house Law Firm
    • Contact Details
    • Premier Property Lawyers Website
  • News
  • Blog
  • Contact Us

My Home Move research shows cash investors opt for bricks and mortar

July 3, 2013

Research by My Home Move, the UK’s leading provider of mover conveyancing services in the UK, has found that the number of people buying without a mortgage is steadily inching upwards. Today nearly a quarter of its clients are cash buyers, highlighting that bricks and mortar offer investors a safe home for their money.

Doug Crawford, CEO of My Home Move, explained, “As the largest provider of conveyancing services in the UK, My Home Move is well placed to spot the trends within the housing market. Since 2010 we have witnessed the number of people buying without a mortgage steadily increase. In 2012, 22.5% of our clients were cash buyers, investing an average of £185,000 in property outside of London and £240,000 within the capital. Early figures for 2013 also show similar results.”

Before the recession savers were able to earn on their investments, thanks to higher interest rates of between 5.25% and 5.75%. However since the recession and the Bank of England’s decision to keep the base rate at 0.5%, savers are struggling to find a decent return on their investments.

Continuing Doug said, “Despite the poor performance of interest rates for savers, the property market can still offer a good return on investment. The average amount of rent paid for a three bedroom house in England, excluding London, is £670 a month. This means that on an investment of £185,000, the annual return will be close to 4.5% – interesting food for thought for those looking to make their money work for them during difficult economic times.”

Last year My Home Move helped nearly 30,000 people to buy, sell or remortgage their homes. According to HMLR data My Home Move is the largest provider of conveyancing services in the UK.

My Home Move is committed to providing a personal, trusted and values-based service to all of its clients; ensuring the stresses associated with moving home are minimised. For more information visit https://www.myhomemove.com/

Go Back

LATEST POSTS

My Home Move wins again!

My Home Move Newcastle announce office relocation

My Home Move wins at Mortgage Strategy Awards 2019

Recent Posts
  • My Home Move wins again!

    July 19, 2019
  • My Home Move Newcastle announce office relocation

    May 28, 2019
  • My Home Move wins at Mortgage Strategy Awards 2019

    March 27, 2019
  • Conveyancing powerhouse created as The Simplify Group and My Home Move join forces to become ‘Simplify’.

    February 25, 2019
  • My Home Move wins Negotiator Awards 2018

    December 3, 2018
  • My Home Move wins at the British Legal Technology Awards 2018

    November 2, 2018

Contact us on 0345 234 0230 or email at info@myhomemove.com 2018. My Home Move Ltd.
All rights reserved. Registered in England & Wales No. 03874320
Registered office: 1 Frances Way, Leicester, LE19 1SH
Use of this website signifies your agreement to the Terms of Use and Online Privacy Policy.

© 2013 My Home Move |
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • Acceptable Use Policy
  • Modern Slavery Act
  • HTML Sitemap
  • XML Sitemap
  • Credits
  • About
    • Our Story
    • Simplify
    • Our Awards
    • Corporate Social Responsibility
  • Services
    • Our Services
    • Direct Conveyancing Service
    • Panel Management
    • eWay
    • Remortgage
  • Careers
    • Why Choose Us?
    • All Vacancies
    • Learning and Development
    • Employee Benefits
    • Meet Our People
    • Policies
      • Recruitment Privacy Policy
      • Our Gender Pay Gap Report
      • Slavery and Human Trafficking Statement 2020/2021
  • Introducers
    • Our Partners
    • Introducer eWay
    • Direct Conveyancing Service
    • Panel Management
    • Lender Services
    • Remortgage
    • Account Management
    • My Home Move My Reward Scheme
  • Clients
    • What is Conveyancing?
    • Client Services
    • eWay Demo
    • FAQs
  • Premier Property Lawyers
    • Our-in-house Law Firm
    • Contact Details
    • Premier Property Lawyers Website
  • News
  • Blog
  • Contact Us