Housing & mortgage round up: Lloyds TSB to help 60,000 first time buyers, whilst housing market improves

Lloyds TSB to help 60,000 first time buyersNo house prices surveys this week but still plenty of news to report. This week saw a huge boost for first-time buyers as a major lender shows their commitment to this beleaguered group of would-be homeowners. Elsewhere there was good news for those people looking for signs that the housing market might finally be coming out of the doldrums....

Inflation falls sharply in December

As expected the rate of inflation fell sharply in December. Figures released today by the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) fell from 4.8% in November to 4.2% in December, mostly due to lower fuel and clothing prices. The Retail Prices Index (RPI), which includes mortgage interest payments, fell to 4.8% in December, from 5.2% in the previous month. The drop in the rate of CPI inflation is the largest fall since April 2009. Clothing, fuel and alcohol Clothing showed a price reduction of 2.8% in December as retailers cut prices to tempt shoppers to buy before Christmas. The cost ...