View more on these topics

88% of people putting homebuying plans on hold

Interest in the housing market has dried up, with 88 per cent of the

UK population putting homebuying plans on hold, according to the

property pulse index by The Mortgage Lender.

The findings show that just 7 per cent are looking to buy a home and

only 3 per cent have plans to sell their property.

TML says people are ignoring the message about historically low

interest rates and have chosen to play it safe. It says that in

addition to concerns about the war, people are worried about

overinflated house prices and the price they would get for the

property they are selling.

Interest in remortgaging is also on the wane. TML says people most

likely to remortgage are those with impaired credit histories at 13

per cent and people in Wales at 6 per cent.

Research was carried out for TML among 2,000 UK adults in February.

Managing director Tim Kirby says: “The research would certainly seem

to indicate that the current global crisis is having an impact on

what is already a cooling market although it is too early to say

whether this is a kneejerk reaction to events or what the true impact

might be on house prices over the next few months.

“However, in the current climate, it may be wiser for people to look

at the ways of investing on their current home through improvement.

By spending a bit on their homes now, they stand a good chance of

making the most out of bad situation – increasing the value of their

property as an investment for the future while waiting for the

housing market to level out.”


Manor Park – Guaranteed UK Selected Growth Fund

Tuesday, 25 March 2003 Type: Guaranteed growth bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £5,000-no maximum Term: Three years Guarantee: Choice of 85%, 90%, 95% or 100% of capital returned in full regardless of the performance of the index Return: 160%, 120%, 80% or 40% growth dependent on […]

A fair split of the profits

One of the principal Sandler report recommendations on with-profitsis that in future they should operate on a 0:100 basis. This proposalhas made it through to discussion paper 20 and is therefore duecareful attention.Our starting point before considering the merits of 0:100 is toreview its operation and the alternative.In a 0:100 fund, the shareholders get all […]

Maisons to be cheerful

I want to build or buy a property in France. What do I need to know? This may prove to be a good time to purchase a property in France asprices compare well with those in the UK. With low European interestrates, money is cheap. You must remember that the house purchaseprocedure is different and […]

BM Solutions offers online sales tools

Specialist lender BM Solutions has launched a range of sales tools on its intermediary online service, BM Solutions Online. The tools include affordability calculators, covering buy-to-let and flexible repayments and are intended to help brokers maximise sales. Personal illustrations are available to reveal bottom line savings for clients and users are guided through the facility […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm