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In our last housing round up of 2011 we take a look at two sets of figures which show house prices are at best stagnating and possibly falling.
As a result the net level of mortgage lending is also falling, according to new data from the Bank of England.
Mortgage advice from Linda Wood...
In our last housing round up of 2011 we take a look at two sets of figures which show house prices are at best stagnating and possibly falling.
As a result the net level of mortgage lending is also falling, according to new data from the Bank of England.
Mortgage advice from Linda Wood...
December 31st, 2011
Research from pension firm Aviva shows average incomes for the over-55s have fallen by 4% over the past year, while savings levels have dropped by more than a quarter.
Best savings interest rates still not enough
The report which highlights the financial challenges of retirement, found the typical person over 55 now has £11,153 in savings, 27% lower than December 2010. One in seven people over 55 have no savings at all, while even those who ...
December 27th, 2011
The Payments Council, the organisation which sets the strategy for UK payments mechanisms, have announced that cheque guarantee cards will not be re-introduced.
Research has showed there is no demand for the scheme, which ended this year, to return.
The cheque guarantee scheme guaranteed that banks would honour a cheque up to £50 or £100, even if there were insufficient funds in an account.
Businesses
The news comes after a year when there was uncertainty about the future of cheques themselves, at ...
December 26th, 2011
According to the Office of National Statistics (ONS), the average cost of Christmas shopping has increased by 7.5% since 2010.
Inflation has hardly been out of the news this year. High levels of inflation have badly affected people on fixed incomes or whose wages rises have not kept pace with the rising price of goods and services. Savers have also been hit hard as even the best savings interest rates have failed to ...
December 25th, 2011
