Osborne to extend Funding for Lending Scheme

Savers suffer as savings accounts are withdrawn_istockphotoThe Chancellor, George Osborne, may be looking to extend the Funding for Lending Scheme (FLS), after pressure from the International Monetary Fund (IMF) over his austerity plans. The existing FLS is due to come to an end at the start of 2014, however an announcement about the possible extension of the scheme is expected before the IMF are due to visit next month. Since the FLS was introduced in August last year, many financial experts have questioned its effectiveness; ...

Housing & Mortgage Round Up: Help to Buy unveiled, whilst first time buyers continue to struggle

Housing & mortgage round up_istockphotoA huge amount of housing and mortgage news to catch up on this week, with the main headlines being grabbed by the unveiling in the Budget of the Help to Buy scheme, designed to provide much needed help to people to get on and also move up the housing ladder. There is also news confirming just how negative many would-be first time buyers feel about the housing market, perhaps confirming the ...