Scotland’s first minister Jack McConnell, who is known for sitting on the fence on most issues of any importance, was surprisingly outspoken when he said he would not be supporting England.This has probably raised his profile and popularity in Scotland more than any policy decision he has made. And David Beckham, who we always turn to for guidance where politics are concerned given his obvious knowledge about current affairs, effectively gave his blessing to McConnell’s stance by saying he respected his views. Well, thank goodness that debate’s over and we can enjoy the footie. But could first-time buyers and others struggling to get on the housing ladder benefit from the World Cup if it causes a slowdown in the housing market? They could if there’s any truth in the findings of recent surveys concerning what people plan to do with their time and money over the summer months. Rather than house hunting and saving for deposits it seems most people are packing their bags to go to Germany or somewhere sunny to watch Rooney – if the poor soul’s foot is better – et al in action. Alternatively, some are planning to jet off to somewhere remote where they can avoid watching a bunch of overpaid men running around. One of the most recent surveys by American Express Travel Insurance reveals that one in eight Britons are planning to book a holiday in an attempt to avoid the football-related proceedings. Not surprisingly, of the people doing this 56% are women. Another 2% have booked holidays abroad where they know they can still watch the World Cup, 2% are travelling to Germany to watch the matches live while 28% are staying home to catch as many matches as possible. And whether drowning their sorrows or celebrating, fans will be spending a lot of their hard-earned cash in bars while watching the games on their hols. Halifax Travel Insurance estimates the average fan will spend 312 per week in foreign bars. Of those, 40% will head for British-themed bars. The thought of drunken England fans getting merry after a day in the sun in the nearest Beckham bar makes me almost glad to be at work in Glasgow. Any money left over that could have been put towards a deposit on a house is more likely to be spent by men having to appease their neglected better halves. Halifax says one in 10 predict that their or their partner’s football focus will end up causing an argument during their break. Virgin Money reckons fans will spend 635m taking partners out to compensate once the World Cup is finished. And women are unlikely to find their partners willing to trail round estate agents with them even if they are in the country as it’ll be difficult to drag them away from the TV screen. Virgin says more than 3.75 million fans plan to watch every World Cup match on TV. We won’t know if this obsession with footie over the summer will have an affect on the housing market until the figures on completions start coming through over the next few months. But it’s hard to believe there will be no slowdown if these surveys are based on any kind of fact. If your clients can drag themselves away from the televised action it could be a good time for house hunting.
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Freedom Lending, the specialist lender, has added The Mortgage Times Group to its panel of distributors.Freedom Lending is making its full product range available via MortgageTimes, which includes prime, sub-prime, self cert, let to buy and buy to letmortgages. Freedom Lendings product features include its popular affordability calculation, no credit scoring, self-cert to 90% LTV, […]
From Peter Stokes Thanks to Mortgage Express for its pocket World Cup planner gift. Now I won’t miss Ivory Coast vs Serbia & Montenegro and can plan all the big screen matches at work and home. But I hope that by using targeted marketing and postcode analysis, MEX avoided brokers with Scottish addresses or family […]
em- has revealed that five key lenders have been secured as affiliate sponsors for the upcoming em-invitational 2006 golf day in association with GMAC-RFC. Rooftop, Kensington, First National, Mortgages plc and Future are all hoping that their participation as affiliate sponsors for this years event will help to raise even more for the four selected […]
Mortgage Next has launched a shared ownership discount mortgage funded by Ipswich. The deal is available via members of the Mortgage Next Network and directly authorised brokers registered with Mortgage Next Partners. It consists of a discount of 0.75% off the standard variable rate for three years from completion.
Dental, optical care and physiotherapy are the most popular health cash plan benefits across the UK, according to a recent survey of Health Shield members.
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