There are some property tribes that tend to get the most column inches - first time buyers and landlords, for instance.
Now it's the turn of the 'second steppers' to step into the spotlight - home movers looking to sell their first property to move up a rung on the property ladder.
According to the latest research from Clydesdale and Yorkshire Banks, confidence among the UK’s ‘second steppers’ is rising, with almost 40% of the country’s first time homeowners planning to take their second step on the property ladder. This is a jump of 14% compared to the same period last year.
The uplift is a great indication of the health of the UK's property market, showing there are enough new first time buyers out there willing to make their debut in the home- owning market, and enough family-sized properties for sale giving second steppers choice of where to move next.
Second steppers, although now experienced homeowners, face a 'first' - and that's going through the selling process. Therefore the timing of our latest advice blog couldn't be more perfect. Part II of our Q&A guide to selling your property is now live. You can also read Part I here. Both blogs cover the most commonly asked questions by home movers and will guide any first time seller.
“Second steppers often have more factors to consider than first time buyers. These include having enough room for a growing family or being close to a specific school. Affordability is the other key factor but the current low interest rate environment means it’s a great time to secure one of our fantastic fixed rate deals.”