Home owners downsize 'to cut bills'

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.%VIRTUAL-SkimlinksPromo%