View more on these topics

Number of second homes to rise to 340,000 by 2025

By 2025 the number of second residences will rise from 150,000 to 340,000, figures from the Centre for Economics and Business Research reveal.

The centre says these figures are accurate, assuming that there are no adverse changes to local taxation systems beyond those already announced, where from 2004/2005 local authorities will be allowed to reduce the council tax discount on second homes from the current level of 50% to 10%.

The centre adds this could accelerate the revival of urban areas near business districts, but also lead to further demand pressures in idyllic rural locations, which would drive property prices up even further.


Chase de Vere to play Arsenal team for charity

Chase de Vere Mortgage Management is playing an Arsenal &#39celebrity&#39 team to raise money for Shelter, the charity that helps the homeless and people in poor housing. They will be playing for the inaugural Shelter Challenge Trophy, a new annual event created by Chase de Vere Mortgage Management. The Arsenal team includes numerous ex-Arsenal players […]

BDS strengthens management team

BDS Mortgage Group has made further appointments to its management team. Tracy Dixon, formerly account executive at Intelligent Finance, joins as network manager and will take direct responsibility for developing the services BDS offers to its appointed representatives and directly authorised firms. Claire Kennedy, formerly head of marketing for Mortgage Brain, joins in the same […]

Don&#39t be fooled by £82,400 price tag, warns Financity

Personal finance website Financity has warned UK borrowers not to be fooled by recent research out from IBM that the average UK adult is worth £82,400. This research takes into account net wealth, including value of your home, savings and contribution schemes. The reason that so many people in the UK are &#39well off&#39 is […]

All your network questions answered by the industry&#39s leading experts

If I join a network, do I still have to pay for my own PI insurance? Andy Young is head of mortgage services at SesameYes, although the network is likely to have in place special arrangements to ensure its professional indemnity insurance cover is highly competitive. Chris May is director at Mortgage TimesNetwork contracts vary […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


News and expert analysis straight to your inbox

Sign up