Over 95% of towns are too expensive for new families to move up property ladder

The UK housing market is at risk of stalemate as growing families in most parts of the country face unaffordable hikes to their mortgage if they want to move up the property ladder. For many towns across the UK moving up the property ladder from a starter home to a larger family home, can be as challenging as getting a first foot on the ladder.

The average price difference across the UK for moving from a one or two bedroom property to a three or four bedroom property is 42%, leaving homeowners needing to find on average an extra £70,000 to move up.