independent insurance for career people
Mortgage Industry News
← Back
New build mortgages popular for second homes
Date: Thu, 10 Nov 2005
The growing number of people wanting to own a second home could boost the demand for new build mortgages.
New research conducted by American Express Travel Insurance concludes that around 31 per cent of people are considering the purchase of a holiday home and some would even consider building their own second property.
The number of people investing in a property overseas has increased by 85 per cent over the past decade, with around 750,000 Brits owning a stake in the Spanish property market and around 500,000 people investing in French holiday homes.
As more people are willing to travel abroad, it seems that nearly one in three people are tempting by having a retreat in abroad, with homes in France, Spain and Italy proving most appealing.
"This is the second year running we have seen a rise in consumer confidence with our customers planning to travel 15 per cent more this year than last," said Joanne Field, marketing manager at American Express insurance services.
New Build Mortgages from Endsleigh Financial
If you are currently interested in arranging a new build mortgage or simply want to discuss your situation further please click here and fill in our short mortgage quote form.
© 1998-2005 DeHavilland Information Services plc. All rights reserved.
Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.