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Survey reveals North -South divide in homeowner confidence

Homeowners in the South of England are far more confident about the housing market than their northern cousins according to a survey by Legal & General.

The Moving Intentions survey reveals 25 per cent of Southern homeowners are confident that houses prices will increase significantly over the coming year.

This compares to just 8 per cent in the North and 14 per cent of Midland homeowners.

But those living in Greater London expressed the most confidence with 27 per cent expecting a big increase over the year.

The results are in marked contrast to previous editions of the survey as it shows confidence is growing throughout the whole of the UK.

It compares favourably to January when only 6 per cent of Southerners and 5 per cent of Northerners expected house prices to rise.

L&G retail marketing director Gareth Hoskin says: &#34These results suggest the current housing boom will maintain steam for some time.

&#34Falling mortgage rates mean mortgages are more affordable than they have been for some time and are helping to boost confidence among homeowners.&#34


Retail Oeics more expensive than unit trust counterparts

Oeics are more expensive for retail investors than their unit trust counterparts according to a survey by research group Fitzrovia.The research found retail Oeics funds generally have a much higher Total Expense Ratio of 1.72 per cent compared to 1.48 per cent for unit trusts.The TER is calculated as the effect on fund performance when […]

Decision opens way to sue CMC

Hundreds of City Mortgage Corporation borrowers are preparing to sue after a court ruled broker Capital Credit took secret commission from the lender. Haverford West County Court ruled CMC paid the Truro-based mortgage broker a £12,125 secret payment as part of a first refusal agreement binding the broker to recommend all clients take out a […]

UK lags behind European rivals for internet banking

The UK financial services industry is lagging behind its European rivals in terms of internet banking says a report from British Telecom.The report prepared for BT by BlueSky International Marketing says the European banks are well in advance of their UK counterparts in offering internet facilities to their customers.The report found there has been an […]

Furness Building Society offers a freestart

Furness Building Society is offering all new homebuyers one years free accident sickness and unemployment cover for their new loan.The &#34Freestart&#39 ASU scheme is fully compliant with the Association of British Insurers and Council of Mortgage Lenders new mortgage payment protection insurance guidelines.Cover is written on a back to day one basis after an initial […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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