Although Britons are typically stuck in their ways when it comes to the housing market, they may wish to instead consider having an extended stay in a hotel, one sector commentator has claimed.
In news that may be of interest to those on the hunt for a new mortgage, Lorne Spicer - a journalist and financial expert who has appeared on various BBC television shows including Car Booty, Cash in the Attic and Money Spinners - said there was nothing new about living in such accommodation.
"Now we know that renting can be as expensive - and in some cases in the country more expensive - than home ownership. It's a third arm, a third option," she explained.
Ms Spicer noted that this was particularly the case for households who had seen their grown-up children moving back in following a divorce, or those in their 20s who could not afford a deposit on a home.
Those looking for a new mortgage may also be interested to hear that Hotels.com's Hotel Price Index 2008 found that the average price of a UK hotel room per night in 2007 was £106 – up 12 per cent from the previous year.
New Mortgage:- JST Financial, New Mortgage, Re-mortgage Specialists catering for good and adverse credit for UK homeowners