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Almost 60% expect to own first home by 30, says A&L

Over half of 20-somethings expect to own their own home by age 30, says Alliance & Leicester.

The latest Moving Improving report shows that 57 per cent of 18 to 29 year olds think owning a property by 30 is a realistic goal.
A&L says the average age of a first-time buyer is now 29, having risen from 28 in the early 1990s.  The latest findings support these figures with 67 per cent saying they bought their first home before they were 30.
Head of mortgage products at A&L Richard Taylor says 30 is a landmark age for many people, with it being set as a deadline for owning a property, getting married or starting a family.

Renting with a partner prior to owning a first property was seen as a natural progression for 50 per cent of 18 to 30 year olds.

Getting married is also a key with 49 per cent citing it as a desire before they reached 30.

Having a child is also high on the agenda, with 42 per cent wanting to start a family by the time they reach 30.
Taylor says: “Being a home owner for the first time is something most of us desire, preferably earlier in life. Even in an uncertain housing market we are seeing those under the age of 30 feeling confident and optimistic about the prospect of getting onto the property ladder before they say goodbye to their twenties.”


Aviva CEO joins Pru as head of finance

Former Aviva Europe chief executive officer Tidjane Thiam has joined Prudential this week as chief financial officer. Thiam joins the Pru board with immediate effect.

8.4% Annual return on RoyLon endowment

Royal London has increased the final bonus rates on some of its with-profits policies.The mutual company has increased the final bonus on 10-year regular-premium life policies from 11.1 per cent to 25 per cent.Final bonus rates for 25-year regular-premium life policies have reduced from 140.1 per cent to 126.4 per cent.On 10-year regular-premium pension policies, […]

Derbyshire BS to cut 50 jobs and close three branches

Derbyshire Building Society will be cutting up to 50 jobs and closing three branches as it looks to maximise cost-efficiency.A spokesman for the lender says it has started a consultation period today which could see as many as 50 jobs lost. He says it is hoping to redeploy as many of the staff as possible.Derbyshire […]


Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.


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