Mover confidence undaunted

The quarterly study discovered that nine out of ten people have not changed their minds about moving this year, following the events of 11 September. The survey found that one in four people are intending to move this year.

The research also found that there is continued confidence in the UK economy with an 11 per cent increase in the number of homebuyers opting for a standard variable rate mortgage.

Paul Fegan, general manger of personal finance services, at Yorkshire Bank, said: "The prospects for the UK housing market over the coming year look rosier than some in the industry have been predicting. It is encouraging to see that since our first Housebuyer survey three months ago, the wider global slump appears to be having little negative effect on the actual buoyancy of the housing market in the UK."