Housing & mortgage round up: Last round up and house price survey of 2012

Housing & mortgage round upOur last housing and mortgage round up of 2012 wouldn’t be complete without a house price survey and we’ve not let you down. In other news, another mortgage lender has stopped offering interest-only mortgages, there are fears that average rents will rise quickly in 2013 and first time buyers appear nervous about what the New Year might hold for them. Small annual rise in house prices The latest figures from the Office for National Statistics (ONS) show that house prices increased by just 0.2% in October. The ONS also revealed ...

Housing & mortgage round up: FSA to clamp down on self-cert and interest-only mortgages

Housing & mortgage round upA big week for housing news and indeed the future of the mortgage market. Firstly this week we look at new FSA proposals to clamp down on the worst excesses of the mortgage industry, then an Interest Only ‘timebomb’ which will affect many older homeowners. Finally, we look at the latest house price figures from the Land Registry, did we see a rise of fall in September? FSA to impose tight new rules on Interest Only and Self Certification ...

Savings: Over 7 million people ‘lose’ their savings

Many of us don't bother to shop around for the best savings interest rates but research done by National Savings & Investments (NS&I) shows that millions of us are even more careless with our savings. Lost savings accounts In a survey of 2,500 people NS&I found that 16% of people thought they had savings accounts or investments which they had lost track of. If the results of the survey mirror the wider population that would mean around seven million people have savings or investments they can't locate....