Moving house is "an expensive business", with new research showing that Britons can spend around £54,400 moving home in a lifetime.
The study by Abbey revealed that the average cost of moving home in the country is around £16,000 and revealed that UK residents are likely to move between three and four times in a lifetime.
Homeowners spent a collective £28 billion moving house last year and the study also revealed that around two years of salary is spent when relocating to a new property.
Lawyer, estate agent, financial adviser and removal firm fees make up the majority of the moving costs, while stamp duty and the cost of getting their property in a 'saleable condition' bring up the total.
"It's no secret that moving home is an expensive business – in fact, I'm sure it's one of the reasons why people don't move that often," said Nici Audhlam-Gardiner, head of mortgages at Abbey.
"But it's astounding when you consider just how much it amounts to over a lifetime."
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