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First-time buyer confidence still high, research shows

Nationwide has conducted research into the attitudes of potential first-time buyers on affordability and home-ownership and has discovered that confidence among this group is still high, despite tough market conditions.

With average house prices now at around £145,000, 74% of people who currently rent from a private landlord or live with their parents are still planning to buy their own home.

The research shows that potential first-time buyers are now going to new lengths in order to get on the ladder.

One in four would consider taking a second job in order to be able to buy a property and almost a fifth would consider buying a property in a poor condition which needed renovation.

Out of those surveyed 16% say that they would consider buying with friends, 14% would try to borrow their deposit from their family and 11% would move to an area where they didn&#39t know anybody so that they could afford a home. One in 10 would take in a lodger.


Preferred Mortgages sponsors triathlon challenge

Preferred Mortgages sponsored this year&#39s Sussex Triathlon on June 6. The triathlon is proving to be a local success story with up to 300 entrants this year who challenged themselves with a continuous 500 metre swim, 26 kilometre bike and a five kilometre run. Two employees from the Haywards Heath-based company took part in the […]

e.surv completes roll out of integrated broadband network

Mortgage valuation firm e.surv has completed the roll out of a secure integrated broadband network in more than 300 locations across England and Northern Ireland. The firm says it is aiming to integrate the next generation of technology which will serve to further enhance its proposition. It says it is committed to investing more than […]

MLP launches training academy

MLP Private Finance, part of MLP Group, is launching what it claims is the UK&#39s first-ever dedicated training academy for young graduates seeking careers as independent financial and mortgage advisers. Starting on July 19th 2004, the academy will cater for the distinct learning needs of all new consultants, existing sales personnel and executive consultants. In […]

Lenders in mis-selling row

Halifax, Barclays and other major lenders have been accused of mis-selling critical illness cover by Channel Four following its investigation resulting in a programme entitled 30 minutes: How good is your insurance? The programme, aired on June 5, reinforces recent claims by the Consumers&#39 Association that only 5% of advisers recommended an insurance product, with […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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