17-01-2008
Fool unveils new research in consumer mortgage attitudes
News by Adfero for Simply Business - independent providers of business insurance, business finance, landlord insurance, buy-to-let mortgages & commercial mortgages.
The results of a study by fool.co.uk has highlighted the preference of consumers towards researching holidays rather than mortgages.
According to data released by the personal finance organisation, the British public spend nearly double the amount of time conducting research into their yearly break than they do on a mortgage for a new home.
The research was conducted with the participation of more than 2,000 adults in the UK.
"Who can blame people for wanting to spend more time planning their holiday than poring over financial products?" said David Kuo, head of personal finance at fool.co.uk, an organisation with a history going back to 1993.
"But while a good holiday will recharge your energy levels for a few weeks, healthy finances can boost your bank balance for a lifetime."
The research also found that 23 per cent of respondents do not dedicate sufficient levels of time to examine their finance-related options.