More people should consider remortgaging and improving their current homes instead of looking to move, according to Natwest.
The group have a dedicated 'Move or Improve' page on their site offering advice to consumers who are trying to decide which is best for them.
A lot of people move home because of their personal circumstances and not because they want to leave their current accommodation.
Extending or remodeling a home can be a lot cheaper and convenient and this is something that is too easily overlooked.
People who move into more expensive properties often fall into mortgage repayment problems and this could often have been avoided by taking the cheaper option of extending.