Hidden treasure - unspent notes equate to 50,000 UK homes!

News at Waterfords | 12/08/2022

At £14bn the value of unspent paper £20 and £50 notes equates to the equivalent of over 50,000 average priced UK homes!

After the 30th September 2022, paper £20 and £50 notes will no longer be legal tender in the UK. At the last count the Bank of England estimated there were over 460 million unspent paper notes – that’s over £6bn unspent in £20s and £8bn in £50s.


UK cash buyers

Each month around 28% of all sales in England and Wales are cash purchases. In 2021, cash sales account for more than 1 in 3 property purchases in the South West and less than 1 in five in London.

Did you know that the average price of a property purchased with cash is, on average, 8%-9% less than the average price of a property purchased with a mortgage?


Cash or mortgage?

Whether you are a cash buyer or purchasing with a mortgage, we’d be delighted to help you on your moving journey.

We have been your local, trusted estate agent since 1995. Call a member of our friendly team:

  • Camberley: 01276 66566
  • Chobham: 01276 858589
  • Fleet: 01252 623333
  • Yateley: 01252 870222

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Source: Dataloft, Nationwide, UKHPI, Bank of England