View more on these topics

Buyers get off the ladder to find a lifestyle

The traditional idea of the property ladder is losing its place in the UK psyche, with people striving to reach an ideal lifestyle rather than a specific size of property, according to Woolwich.

Forty-nine per cent of Britons see living in a desirable area as the most important goal for the future, which is almost twice as important as the more traditional aspirations of owning a more valuable property or bigger home.

The report shows that people are progressing towards security rather than status, with 46 per cent saying being free of a mortgage is the ultimate goal, only 16 per cent dreaming of a mansion in the country and 15 per cent aspiring to a five-bedroom detached house.

Woolwich surveyed 1,305 homeowners about their views and aspirations and asked psychologist Dr Linda Papadopoulos to analyse the findings.

Papadopoulos breaks the UK down into groups: heaven&#39s residents – 25 per cent, who have reached their own personal heaven and anticipate no further movement; sensitive savers – 13 per cent, who are cautiously saving for a move; practical purchasers – 27 per cent, who expect to move every two to 10 years; and serial movers – 13 per cent, who move every two years.

Woolwich head of mortgage products says: “The British public are becoming increasingly imaginative when it comes to plotting their homebuying. They are aiming at dreams and lifestyles rather than particular properties.”


Plimsoll aid to buying or selling firms

A new website aimed at IFAs looking to make acquisitions or sell their firms has been set up at by Plimsoll Publishing.Plimsoll, which researches the performance of the IFA sector, says there are many firms on the acquisition trail.It believes the site will help owners of IFA firms gain a better understanding of what […]

Collins Stewart – Collins Stewart Balanced Fund

Friday, September 13, 2002 Type: Oeic Aim: Income and growth by investing in international bonds, equities, cash and other specialist investments Minimum investment: Lump sum £5,000 Investment split: 100% in international bonds, equities, cash and other specialist investments Isa link: Yes Pep transfers: Yes Charges: Initial 3%, annual 1.5% Commission: Initial 3% Tel: 020 7523 […]

M&G and Schroders return to Sway

M&G and Schroders are to attend the Sway conference in Monte Carlo next June after pulling out of the last event due to concerns over the seminar programme. The fund managers, which supported an alternative investment conference this year, say they are returning to Sway after getting positive feedback from delegates at this year&#39s event. […]

Correspondent&#39s week

Last week, Money Marketing carried the front-page news that my sister Helen (Bates MD) and I have sold 33 per cent of the company to Asset Strategies and the editor wants me to talk about the run-up to the deal.We have actually been positioning ourselves for this deal for the best part of two years […]

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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