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RatedPeople.com: Brits putting off moving house

Homeowners are less likely to move house this year due to the credit crunch, RatedPeople.com claimed yesterday.

Research conducted by the business directory has revealed that 2.7 Britons who initially planned to change property in 2008 have decided to postpone the move.

The ongoing financial crisis in the global market has resulted in low interest loans becoming much harder to come by on the high street.

Slowing house price inflation has also raised the spectre of negative equity among homeowners, increasing borrower nervousness.

Andrew Skipwith, co-founder of RatedPeople.com, commented: "People are generally becoming more worried about the economy. It all started with Northern Rock getting into difficulties [last year]."

"People are beginning to wonder: 'What does this mean for me? What does that mean for my job? How secure am I?'"

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