View more on these topics

Single person households on the rise

A report published today by MINT predicts big changes to UK spending patterns over the next 20 years.

When it comes to cost, MINT anticipates house prices will increase 100%, from 163,334 in 2005 to 335,674 in 2025.

But it is the social changes in British society that seem likely to have a knock-on affect on the mortgage industry.

The current trend for delayed first marriage and rising divorce rates, which has fuelled significant growth in single person households, is fully expected to continue over the next two decades.

Single occupancy has grown to 30% today but by 2021 35% of the nation is expected to be living alone.

Add that to rising house costs and it seems likely that in the future there will be an even greater demand for affordable properties and even disposable housing.

The British obsession with bricks and mortar shows no sign of abating, however, with property featuring heavily in the top areas of increased spending in 2025. MINT also foresees a growth in the ownership of second homes as many of us seek to become property barons.

Jerry Toher, managing director at MINT, says: “Family life will look very different in 2025. Naturally, this combination of factors will have a huge impact on UK expenditure.”


The Mortgage Works reduces pay rate on B2L mortgage

The Mortgage Works has reduced the pay rate on its three year fixed rate buy-to-let mortgage from 4.69% to the market-leading rate of 4.55%. The new rate will be effective from Saturday September 17 2005 via intermediaries.The Mortgage works anticipates that this new rate cut will serve to further stimulate the buy-to-let market and encourage […]

Conveyancer links with PFS

Goldsmith Williams, the direct conveyancing firm, has teamed up with the Personal Finance Society, the professional body for financial advisers, to offer the latter’s 25,000 members the opportunity to benefit from discounted legal services. As well as a remortgage rate of 325 inclusive of VAT and disbursements for completed remortgages, PFS members will be able […]

Avail provides free pensions simplification report web-service

Webline, the UKs largest and first online user of Origo standards, today announced that Avail, the specialist Suitability software provider which is now integrated with the portal, is providing a free pensions simplification report for users.The Avail software template will enable advisers to complete a bespoke and client specific report, detailing the actions required to […]

TFC launches standalone legal package

TFC Homeloans launches its first standalone legal package in association with London & European today, adding a complete web-based panel management solution to the TFC Homeloans branded portfolio.The value-added package is available to intermediaries at £399.00 inclusive of VAT and disbursements, and promises faster completions on all TFC re-mortgages through the adoption of L&E’s complete […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


News and expert analysis straight to your inbox

Sign up