Students are optimistic about their chances of getting on the housing ladder, Scottish Widows Bank’s 2005 graduate survey reveals.The survey shows that while an underlying gloom still hangs about the prospects of buying a property the overall pessimism rate is down, with graduates exploring different ways of buying properties. Some 60% of graduates say that buying a part of a property either with friends, family or via a shared equity scheme funded by the government or a lender is the most viable option for getting on the property ladderMurdo McHardy, senior manager of product development at Scottish Widows Bank, says: “Initiatives introduced by lenders and the government featured highly in this year’s results. But most noticeable is the degree of pragmatism among graduates who now not only appear to be less concerned about student debt being a barrier but also more willing to consider partial ownership of a property. “Getting on the property ladder doesn’t necessarily mean owning 100% of a property in your own name.” The research also shows that graduates continue to rely heavily on the bank of mum and dad after university, whether this assistance comes in the form of providing accommodation back in the family home while the graduate saves for a deposit, helping when it comes to the deposit or acting as a guarantor.
Some could be forgiven for thinking lenders using affordability models rather than traditional income multiples to decide how much people can borrow is a new concept.
To coincide with the Mortgage Business Expo, the direct conveyancing firm Goldsmith Williams has announced the launch of a sister company to work exclusively in the international market. The company, which will be branded Goldsmith Williams Overseas, will focus on all aspects of the international market with services designed to benefit introducers and their clients. […]
The greatest selling barriers in any emotive sales area are myths and misunderstandings on the part of the consumer. The equity release market is typical of this.
Research by Key Retirement Solutions shows 56% of consumers believe equity release is still risky. The specialist equity release IFA says this suggests the general public has some serious misconceptions about the products. The most common cause of concern is the threat of negative equity, with 61% of consumers concerned about being left with a […]
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
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