House buyers and sellers may have to take into account the cost and inconvenience of posting letters if plans to change the way postage is paid for go ahead.The postal monopoly ends in January and there has been much discussion about the knock-on effect this will have on a system that delivers 84 million letters a day. Adam Crozier, chief executive of Royal Mail, believes stamp prices must increase when the monopoly ends in order to continue providing a universal service on an economic basis. Looking at the experience of countries that have found themselves in a similar position postal prices have risen dramatically, particularly in rural areas. In Sweden, stamp prices almost doubled for letters delivered to remote places. David Hollingworth, head of communications at London & Country, says: “Of course this will probably only be a small increase so in itself it won’t have any impact on house buying decisions. As long as it doesn’t become a once a week delivery in rural areas it won’t affect house buyers. “But it links in to the wider issue of rural communities having their facilities and services squeezed, making everyday tasks a chore. “Suddenly paying a cheque into your bank becomes a major procedure that costs more as there’s no bank or post office in your area. You have to travel miles.” A Royal Mail spokesman says: “I can’t see that ever happening. We have no plans to copy the Swedish model.”
When you’re dealing with B&W From Andrew Hughes We’ve all been in the situation whereby we have taken care to place our client’s mortgage with the right lender, covered all aspects of the true costs of the proposed mortgage, analysed the savings and benefits and then come to a final choice of lender and product. […]
You are probably aware by now of the recent product launches from Just Retirement and Prudential. But it is wise not to let the headlines distract us from considering the overall structures of the products.
Gross mortgage lending increased by 4.3% to an estimated 28.1bn in September, up from 26.9bn in August, according to the latest data from the Council of Mortgage Lenders. This figure is one of the highest monthly lending figures on record, and 11% more than the 25.3bn of lending in September 2004.CML say that since the […]
From Jonathan Burridge Most lenders’ service is poor. Some are terrible and few are good. Look at the evidence. In the trade press recently Ricky Okey of Abbey said Your Move had noticed a “dramatic improvement” in Abbey’s turnaround and GMAC-RFC stated that 79% of brokers said its service was “better than average”. Hardly impressive […]
This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]
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