View more on these topics

Christmas costs first-time buyers 1,000

As if first-time buyers didnt have enough to worry about, a study from the Co-operation Bank has revealed decorating their homes for Christmas could cost new home owners as much as 1,000.

While longer-term home owners will have built up their collection of Christmas decorations year on year, first-time buyers spending Christmas in their new homes will be starting from scratch.

The cost of buying seasonal garlands has not been helped by the recent craze of dressing outside the house, as well as inside, putting pressure on people to keep up with the neighbours.

Trends to look out for this year include black Christmas trees, Santa with a snow scene belly, and poor old Rudolph has been substituted for an illuminated Santa in a helicopter.

However, the Bank can provide some festive cheer for those first-time buyers wanting to keep costs down, as the study also shows the cost of decking out your home, both inside and outside, can be reduced significantly by shopping around, or by making your own unique designs by hand.

David Newman, director of marketing management at The Co-operative Bank, says: “Im sure finding the money to buy decorations, on top of the cost of Christmas, when you have recently bought a house is an expense first-time buyers could do without.

“But its worth people bearing in mind that good decorations can also last for many Christmass to come, so they should opt for durability where possible. For new home owners on a tight budget, our study certainly shows that a great deal of money can be saved if you shop around.”

Recommended

Character assasination is more fun than mortgages

From Alan Lakey I do like it when this august organ veers away from the dry and often tedious world of mortgages across to sledging and character assassination. Who needs Ricky Hatton when we have this? Alan Lakey

Baiting beats bleating about duff leads

Avid readers of the MS letters pages can’t have failed to have noticed the growing number of intermediaries reflecting dissatisfaction with the service they receive from providers of mortgage leads.

Halifax joins data sharing initiative

Halifax has joined the recently announced initiative to extend the amount of data credit providers share. It says any improvement in the data made available by lenders to each other is a positive move for lenders and consumers alike.For a number of years, it has provided both positive and negative credit data across all its […]

Most landlords are not aware of the HMO rules

Mortgage Trust’s latest survey reveals that 46% of landlords are not aware of the houses in multiple occupation regulations due to come into effect in April next year. Of those landlords who are aware of the licensing requirements, 44% became aware as a result of media coverage while 22% found out about the requirements through […]

Newsletter

News and expert analysis straight to your inbox

Sign up