It was also found that homeowners are likely to cut back on holidays, going out for dinner and buying clothes in order to increase cash for moving home.
Alison Burns, director of network mortgage sales at Lloyds TSB, said: "In the current economic environment it's not surprising that consumers are taking a more cost conscious approach to moving home."
However, she added that people should not "cut corners" on certain issues, including legal fees and surveys.
Recent research by Abbey found that over two million homeowners are planning to use current economic conditions to their advantage by either downsizing to free up capital or buying a large property for a low price.
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