Housing & Mortgage Round Up: Mortgage rates at lowest level for over two decades

Housing & mortgage round up_istockphotoA week without house price surveys, but we’ve still found plenty to report for those people who need their weekly fixed of housing and mortgage news. This week we look at low mortgage rates, a new entrant to the mortgage market and calls for the government to do more to address the shortfall in affordable housing. Mortgage rates at lowest level for two decades New data from Moneyfacts has shown that mortgage interest rates are ...

Savings: Two alternatives to traditional savings accounts, should you be tempted?

Two alternatives to traditional savings accounts, should you be temptedThe problems facing savers have been discussed at length. Long term low interest rates, pushed much lower recently by the Funding for Lending Scheme (FLS) and relatively high inflation, which is predicted to rise further, have combined to produce a ‘perfect storm’ for savers. The result? There are currently only a handful of Cash ISAs (Individual Savings Accounts) which beat inflation. If you are a tax-payer, whether basic or higher rate, there ...

Inflation: Savers struggle as inflation rate remains unchanged

Savers struggle as inflation rate remains unchangedFigures from the Office for National Statistics (ONS), released yesterday, showed that the Consumer Prices Index (CPI) remained unchanged in January at 2.7%. The ONS reported that rises in the price of alcohol and tobacco were offset by decreases in the cost of clothing and footwear. It was the fourth month in a row that CPI has remained unchanged, the longest period without an increase or decrease since 1996; however the Retail Prices Index (RPI) which ...

Mortgage & housing round up: A week of good news for first time buyers, whilst house prices rise

Mortgage & housing round up: A week of good news for first time buyers, whilst house prices riseOur housing and mortgage round up this week includes two stories which will give encouragement to any would-be first time buyers hoping to get onto the housing ladder in 2013, despite the average deposit needed still being way out of reach for many. We also look at why some of us are turning into permanent renters, ...