View more on these topics

Advisers want buying rules eased

IFAs are calling for the Government to take action to make the

process of buy-ing a home in the UK easier and more affordable, says

The One Account.

Its research, called The 21st Century Housebuying Study, is aimed at

gauging IFA opinion on the housing market. It found that 80 per cent

of the 200 IFAs polled want to see the strain eased on housebuyers.

They want gazumping outlawed and call for the Government to back up

its commitment to seller&#39s packs.

The research found that 17 per cent of advisers think housebuyers

panic about being stuck with mortgage payments they will not be able

to keep up and 15 per cent says buyers have problems raising the

initial deposit.

The survey reveals that 11 per cent of IFAs want to see verbal offers

made legally binding across the UK while 11 per cent favour the

Scottish system of sealed bids.

The results also show that first-time buyers are doing their

homework, with only 3 per cent of IFAs saying these borrowers have a

lack of knowledge of the housebuying process.

The research was conducted in April by Mori.

Marketing manager Scott Mowbray says: “It is clear that IFAs expect

the Government to play a part in making things easier – 82 per cent

feel there is something that could be done – from streamlining legal

processes to increasing shared ownership options.”

Hargreaves Lansdown head of mortgages Ian Jordan says: “While general

economic uncertainty may be a bigger issue for the Govern-ment to

tackle, a more userfriendly process for house purchase, thanks to

legislative change, could help.”


TrustNet first with database of multi-manager UK funds

Fund information company TrustNet is rolling out what it believes isthe first database of all UK multi-manager funds, including managerof manager products.The database will include daily fund prices and comparative tables,cumulative and discrete performance statistics, fund performancecharts, fund factsheets and multi-manager fund news.To differentiate between investment strategies, the funds, inconjunction with fund data house Financial […]

Cutting through the PI confusion

The issue of PI cover and the effect not only on IFAs but on clientsas well is just not being addressed by the FSA. If I hear correctly,the FSA states that there is no necessity to advise clients that anIFA no longer has PI cover, where the FSA permitted that IFA tocontinue in business because […]

First-time buyers a rare species

The number of first-time home buyers is plummeting and set to hit arecord low this year, according to research from Nationwide.It says that if the current trend continues, the number entering themarket will drop to 400,000, falling below its lowest-ever level of1995 when the total was 435,000.Its monthly house price report found activity in the […]

Payouts cut again by R&SA

Royal & Sun Alliance policyholders have been dealt ano-ther blowwith payouts on long-term savings plans slashed again, this time byaround 10 per cent.The changes, effective from May 1, are the second change this year.In January, R&SA made a 5 per cent cut which followed 15 per centreductions which were made last year.Now a 25-year endowment […]

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


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