A report by MINT predicts the average house price will rise 100% in the next 20 years from £163,334 in 2005 to £335,674 in 2025.The report also reveals that the trend toward delayed first marriage and rising divorce rates, which has fuelled significant growth in single person households, will 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 to that rising house costs and it seems likely that in the future there will be an even greater demand for affordable properties. But the British obsession with bricks and mortar shows no sign of abating, with property featuring as an area of increased spending by 2025. MINT also foresees growth in the ownership of second homes as many of us seek to become property barons.
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Money Partners has appointed Jim Nash as national sales manager. Nash will be responsible for managing Money Partners’ teams of key account managers and account development managers.
Last week senior sources at HBOS questioned whether the UK’s biggest banks’ conservative approach to lending caused directors at The Mortgage Business to walk. The past two months have seen a number of changes across the group within TMB, BM Solutions and Halifax. The bank has also made no secret of its stated aim to […]
The threat of exposure on the internet is being used as a deterrent against late payers. A website called 60days.com, named after the minimum time it takes people to pay up, claims it is finding success with companies which have previously tried everything, including the courts, to get offenders to hand over cheques for old […]
Bank of Ireland has completed the sale of its Bristol & West branch network and associated deposit book to Britannia for £150m. Details of the sale were first announced on May 24. The profit on disposal of the branch network is expected to be approximately £120m after tax and will be reflected in the interim […]
Johnson Fleming has received the ISO 22301 accreditation, which demonstrates the company’s ability to effectively understand and prioritise the threats to the business.
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