The number of holiday homes could double in the next five years, says Halifax Estate Agency.Around 3.5 million UK citizens now own holiday homes and the UK is the most popular country for Brits to buy second homes in. Halifax says almost 28% of people have their second properties in this country, with Spain being the second most popular place to buy. It says 7% of UK citizens are likely to purchase a holiday home in the next five years and this could double the number of second properties owned. Colin Kemp, managing director of Halifax, says: “Many people just see a holiday home as a place to get away from it all but some also see it as an investment.” Sole broker Roy New says: “This research shows that the British economy is strong and people have enough money to buy second and holiday homes. People choose to buy in this country because it is the jewel in the crown and they like the civilised lifestyle and stability it offers.”
With the threat posed by HIPs receding and demand for advice growing the outlook for brokers is bright and networks can support them, whether they are ARs or DA firms, says Sally Laker
Homeowners selling their homes are to benefit from a no sale, no fee deal on Home Information Packs from specialist HIP provider Spring Move. The company, which has been appointed by estate agents to commission the reports and legal activities associated with a property transaction, is challenging the industry to match its move.Critics have focused […]
The future of mortgage distribution is the title of a recent KPMG report commissioned by the Financial Services Authority. This report is in the public domain and the executive summary and web address from which the report can be downloaded are shown in the box below.
Buy-to-let borrowing set new records in the first half of the year, with lenders advancing 152,500 loans, worth 17.5bn says the Council of Mortgage Lenders. That represented an increase of 17% by volume and 20% by value over the previous record totals, posted in the second half of 2005.There are now 767,000 outstanding residential buy-to-let […]
By Ross Jackson, senior protection marketing manager We’re sure you’ll have heard your customers say ‘But insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection. In fact, our State of the Protection Nation research showed that 27 per cent of consumers asked didn’t think protection providers paid out […]
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