Muhammed Khan found buying a home anywhere near London impossible, so he packed up with his family and moved to Birmingham after purchasing a property for £130,000.
The move, he said, allows him to save an estimated £500 to £600 a month in mortgage and other living costs compared to if he had bought in the capital, even after spending around £830 every month commuting to London five days a week for work.
For the 36-year-old IT manager, the trade-off has been worth it – but new research shows not all workers who made similar moves during the rise of hybrid working are content with what it has meant for their money.
Shorts
Research from Standard Life found one in six UK commuters moved further from their workplace during the shift to hybrid working.
