Personal Finance: Loose Change
Saturday 11 December 1999
A&L commissioned MORI to poll 2,000 respondents on which features of a mortgage would appeal to them most. One in three said that for them the most appealing feature was the facility to pay off the debt long before 2025. A shorter mortgage term proved to be the most popular benefit chosen. Second on the list (20 per cent) was the ability to cut monthly payments at expensive times of year. This was most popular with the 35- 44 year old age group.
The idea of taking a complete break from their mortgage for several months appealed more strongly to women (16 per cent, compared to 11 per cent of men), reflecting the need to balance their career aspirations and plans to start a family.
A mortgage which could also be used to borrow for other purchases such as a car or holiday was most attractive to the youngest age group of 16- 20 year olds (13 per cent).
At the bottom of the list was the option to combine a mortgage and current account - only 3 per cent of people expressed an interest in this style of mortgage.
Life & Style blogs
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers
Airline food across the classes: Ever wondered what the other half are eating?
Coachella Festival 2015: from Kendall Jenner to Alexa Chung, stars and festival-goers parade their boho best
What do the emoji on Snapchat mean?
Huawei P8 review: best phones nobody's seen from the biggest company nobody's heard
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...
£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...
£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...
£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...