View more on these topics

FTB sales up 15 per cent next year

Home information packs will increase first-time buyer sales by 15 per cent next year according to Spicerhaart.

The estate agent says every FTB will save around 1,000 following the mandatory introduction of Hips next June, no longer having to pay for local authority searches, environmental searches and home condition reports.

FTB sales fell below 30 per cent in 2005 from 45 per cent in 2000, and Spicerhaart is estimating a 15 per cent increase in the second half of 2007 as the one million buyers release their years of pent up demand.

Spicerhaart director of Hips Stephen Nation says: Currently buyers are footing the bill if there is anything wrong with the property but the onus is now on the sellers. First-time buyers, who currently face pressure on affordability, will not have to struggle to raise the extra finance on local searches and surveys which has been a stumbling block for many. With the availability of 100 per cent mortgages, home information packs provide a very real incentive for buyers to return to the market.

Recommended

Selestia confirms retirement account launch due in April 2006

Selestia confirms it will be launching its collective retirement account by April 2006.In addition to the launch, Selestia will be hosting a series of IFA debates across the country where advisers can discuss the opportunities being presented by the upcoming changes and debate the issues with key-note speakers.Chief executive Brett Williams says: “The world of […]

BIA axes mortgage arm

Berkeley Independent Advisers is ditching its mortgage arm, Professional Mortgage Network, after struggling to attract brokers. It set up PMN last July in an agreement which saw PMN Limited merged into BIA and PMNL head Dale Knight join the company as Berkeley Berry Birch head of mortgages. Knight is leaving the company and PMN will […]

Special edition

Fund manager profile Merrill Lynch’s special situations star Richard Plackett’s funds are being seen as serious alternatives to Fidelity’s giant fund after spectacular outperformance says Nicola York

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com