Home owners wanting to take their second step on the property ladder face some of the toughest market conditions ever seen, a study has said.
The cost for a "second stepper" to trade up to their next home is 4.7 times annual average earnings - the second highest ratio since records began 25 years ago. The situation has improved on a year ago, when the ratio stood at 5.2, according to Lloyds TSB's home movers review.
The study raised concerns that the high hurdles still faced by this sector are creating a "bottleneck" in the housing market, by limiting the choice available to first-time buyers and creating a greater scarcity of potential home buyers higher up the chain.
More top news
A group of friends in Haverhill have left one of their mates with a fractured spine after a prank with a home-made ejector seat went wrong
Temperatures will remain low for most of the country as Britain battles against wintry showers, snow and gales this afternoon.
A giant panda has been caught in camera breaking iron bars and moving into the other cell to have a taste of milk in the next cell.