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Property seen as better prospect than equities

Property is still considered to be the best investment over the short and long term, despite fears of a collapse in the housing market, according to GMAC-RFC.

Its research shows that 68 per cent of people think that property will yield the best return over 25 years compared with only 13 per cent who favour stocks and shares.

GMAC-RFC found that 77 per cent of the 800 adults questioned has not remortgaged in the last five years. Of those who have taken out a remortgage, 39 per cent changed to get a better rate, 31 per cent released equity for home improvements and 12 per cent remortgaged to free capital to reinvest in other property.

Head of marketing services Jeff Knight says: “Whatever the reason for property investment, I expect this trend to continue, despite what other commentators have said. Property has ceased to be just a functional necessity and is now seen as a valid profitable asset.”



“Yes, it certainly would be missed. Because of the amalgamation of all the other names into Abbey, it would be the end of an era.”Peter Wray, Polygon Financial “Yes. Some groups are getting far too big and are therefore taking away the diversity of the industry.”Bill Muncie, Acorn Financial Services (Central) “Yes. It has been […]

Debts are surging past £6m

Debts at David M Aaron (Personal Financial Planners) had risen above £6m by March this year and look set to rise further, says the firm&#39s administrator. In March, administrator KPMG accounted for £5m in debt and a further £1.8m for alleged precipice mis-selling claims but with new claims and new debts rev-ealed, this figure is […]

Destini off to an early start with property Sipp

Destini Financial Services is introducing a scheme offering investors the opportunity to hold residential property in a Sipp almost two years ahead of theTreasury&#39s schedule. Trading New Homes, which trades in off-plan and new-build residential property in the UK, will provide investors with an Aim-quoted trading vehicle. The scheme offers the same tax incentives as […]

Chilton on Mortgages

We are in the closed-period run-up to M-Day, the cracks are really beginning to show in certain of the market&#39s participants&#39 systems. We have seen at least two lenders effectively withdraw from new lending to enable them to focus on getting their systems and particularly KFIs ready for M-Day. Nationwide is not taking on any […]


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