Homeowners are more likely to make home improvements than move this year, Clydesdale and Yorkshire Banks research has found.
The study found that 14% of UK homeowners plan to move this year but 21% want to stay put and carry out improvements.
Steve Fletcher, head of customer banking networks at Clydesdale and Yorkshire Banks, said: “This time of year is traditionally synonymous with spring cleaning and DIY and many homeowners also find it is a popular time of year to make decisions about whether to move or improve.
“We understand the challenges that homeowners face and can provide help and support whether it is a personal loan to help make planned home improvements or a mortgage to buy a larger home.
“We now offer 95% LTV mortgages to existing homeowners looking to take the next step up the property ladder and make that dream home a reality.”
London homeowners are most focused on moving, with 26% planning to move in 2016.
Yorkshire homeowners are most likely to be carrying out home improvements, with 25% planning to upgrade their home this year.