Home owners downsize 'to cut bills'

Press Association

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Gas bill
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A third of home owners who plan to downsize in the near future are doing so in order to cut their household bills, a study has found.

Just over half (51%) of home owners surveyed who are planning to move in the next three years said they plan to downsize, compared with just over a fifth (22%) who are looking to trade up to somewhere bigger, Lloyds TSB found.