Revealed: 70% of Homemovers are put off from Moving again due to Increased Levels of Stress and Anxiety

November 26, 2019
Rightmove logo

New survey reveals the causes of stress and anxiety for British homemovers both selling and buying property, leading to a new, industry-first, free help portal for those in the process.

 

Online Mortgage Advisor (https://www.onlinemortgageadvisor.co.uk) has conducted a survey of 1,307 British homemovers where sale completion had been achieved, which found that the process of moving home was the most stressful experience of the previous five years for 64% of people.

 

Respondents were asked to indicate, in their own words, the triggers of stress they experienced when moving home. Their answers were analysed and organised into ten different categories. The following were the top five most commonly cited categories:

 

  1. Finding and securing a property – 46%

  2. Selling their own property – 36%

  3. Waiting for the chain to complete – 34%

  4. Completing and removals – 21%

  5. Solicitors/conveyancing – 14%

 

Issues related to these categories led to almost 70% (69%) of homemovers putting off a future move, due to the increased levels of stress and anxiety expected.

 

Just 8% of homemovers found the experience of moving home not to have any significant impact on their stress and anxiety levels.

 

Online Mortgage Advisor has partnered with clarity coach Jamie Smart to launch a wellbeing portal, which it hopes will help its customers during the particularly stressful time of moving home.

 

Pete Mugleston, Managing Director at www.onlinemortgageadvisor.co.uk, explained: “This has made us stop and think. We’re regularly thinking about how we can make the process of obtaining a mortgage smoother for our customers. But that’s only one small part of the whole experience for homemovers and first time buyers.

 

“We should be giving more consideration to how we can add value outside of helping customers find the right financial advice. My personal struggles with anxiety in the past, and the things that helped resolve them, made teaming up with Jamie Smart a natural starting point. We will endeavour to build on this inside and outside our wellbeing portal as time goes on.”

 

The free wellbeing portal for homemovers to help with stress and anxiety, with the help of Jamie Smart, is available online here: https://www.onlinemortgageadvisor.co.uk/wellbeing/

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Bank Rate cuts boost optimism for 2025 despite Budget pause

Average new seller asking prices drop by 1.4% (-£5,366) this month to £366,592, a bigger fall than the usual, seasonal 0.8% drop seen at this time of year, likely due to pre- and post-Budget jitters However, despite the dampening effect of the Budget, market activity remains stronger than last year as Bank Rate falls: The…
Read More →
Breaking News

How to market to Estate Agents UK

The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More →
Letting Agent Talk

Preventative Measures to Reduce the Risk of Emergencies in a Rental Home

Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More →
Estate Agent Talk

Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth

Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More →
Breaking News

Breaking Property News 15/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More →
Estate Agent Talk

Labour’s Vision for Homeowners and Renters: Key Changes to Expect

The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More →