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Alpining for ski resort properties

UK housebuyers are flocking to French and Italian ski resorts to buy alpine holiday homes, according to Abbey National.

Abbey says it has seen demand for mortgages in France nearly double in the last 15 months, with the majority of loans being used for holiday homes on the slopes.

The bank attributes rocketing chalet sales to the increasing numbers of Britons who go skiing every year and estimates that 1.5 million Brits have already gone on the pistes this season alone.

Abbey says UK buyers are finding alpine homes in the top resorts more affordable than they thought, with the tendency of skiers to return to the same slopes year after year and mortgage rates in France starting at around 4.45 per cent.

Abbey managing director (France) David Wells says: “Abbey France has witnessed record mortgage sales over the last year and the Haute Savoie and Alpes Maritime ski areas in France have attracted many UK buyers.”


Mortgage Next signs up Halifax and Woolwich

Independent mortgage network Mortgage Next has signed deals with Halifax and Woolwich which will allow their mainstream mortgage products to be distributed through its brokers.Halifax national intermediary account manager Andrew Bottomley says: “our intermediary links are extremely important to us and the Mortgage Next arrangement opens the door to lots of new contacts.”Mortgage Next managing […]

Britannia launches new capped rate mortgage

Britannia Building Society is launching a new mortgage capped for the first two years at 4.90 per cent. Benefits include 12 months free unemployment cover, a cash bonus every year under the society&#39s profit sharing scheme and is Mig free for customers with at least a 10 per cent deposit. The loan reverts to Britannia&#39s […]

The Daley Update

Edinburgh Fund Managers has established a range of last-minute Isa collection points for IFAs at Dundee, Reading, Newcastle, Chester, Manchester, Leeds, London and Edinburgh. They will be open until 5pm on April 5 except for Dundee which will close at 4pm. Online applications can be lodged until 11pm on April 5, at LeggMason Investors […]

Rural IFAs hit as foot and mouth shuts countryside

Rural IFAs fear the knock-on effect of the foot and mouth epidemic will be devastating for their local clients. Farmers, related occupations and those employed in the rural tourist industry are all likely to suffer from the effects of the epidemic, leading them to cut back on financial provision, including pensions and investments. Many rural […]

Artemis Monthly Distribution Fund: positioning and outlook

Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]


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