UK: ONE THIRD OF FIRST-TIME BUYERS ARE OVER 30
Article Abstract:
The traditional view on house buying seems to be changing with an increasing number of people waiting until the age of 30 before they enter the housing market. A national survey of estate agents conducted by the National Association of Estate Agents found that about 25% of all house sales are to first time buyers and that one third of these are over 30. An increase in house prices could mean that people are waiting until they are in settled relationships and can buy a house with two incomes while those in their twenties are free of mortgage ties and can concentrate on furthering their careers.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: SURVEY SHOWS PUBLIC LIKE FLEXIBLE LOANS
Article Abstract:
Flexible mortgages are held by more than one in six borrowers, according to figures from MORI produced for the Council of Mortgage Lenders (CML). However, just one in 20 flexible mortgage borrowers has used the underpayment facility or taken a payment holiday. Most people see such mortgages as a way to save in the long-term, says the head of external affairs at the CML, Sue Andereson.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: PRIVATE LABEL OFFERS DISCOUNTED LOAN
Article Abstract:
Mortgage design company Private Label is offering discounts of up to 8% on 95% loan-to-value purchases or remortgages in a deal with Birmingham Midshires. The give-away loan offers a 2% discount on the first three years of repayment, with a further 2% cash incentive. Redemption charges of 5% in year four and 4% in year five are payable at the end of the discount.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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