Two in three Brits in their 30s and 40s suffer from status anxiety about their home, a study reveals.

Research from Standard Life Bank shows for a third of homeowners with status anxiety the main pressure in their life is to live in a home that looks good and is located in the right area.

Ten per cent intend to move home in the next 12 months in a bid to quell this home-related stress.

However, more than half say they will be renovating and make home improvements to beat their status anxiety.

Benjamin Fry, consumer psychologist and host of the BBC show Spendaholics says renovations and home improvement strike a good balance for homeowners with status issues about their properties.