House price growth to slow?

New figures show that the rate of growth in house prices increased in November, but the news came with a warning that the market may slow in 2017. Figures from the Halifax show that house prices rose by 6% in the year to November; taking the value of the average home to £218,002. Housing slowdown? However, before homeowners get carried away with the seeming constant rise in house prices, the Halifax also said that "annual house price growth may slow over the coming months". In fact, the Nationwide has previously reported that house price ...

Savings: Help to Buy ISA providers named

Help to Buy ISA providers namedThe banks and building societies that are set to offer the Government’s new Help to Buy ISA (Individual Savings Account) have been named. The Help to Buy ISA was announced by George Osborne later this year and is designed to help first-time buyers save enough money for a house deposit. Figures show that the average purchase price paid by a first time buyer is £211,000, with an average deposit of 19% needed. How will the Help to Buy ISA work? First time buyers who take out a Help ...

Mortgages: Are you about to be frozen out of the mortgage market?

Are you about to be frozen out of the mortgage marketA new report has shown that one group, traditionally thought to be nearing the peak of their earnings potential, are at risk of being frozen out of the mortgage market. The problem is due to new rules, known as the Mortgage Market Review (MMR) which was introduced by the Financial Conduct Authority (FCA) earlier this year. The aim of the new rules was to ensure that borrowers could repay the money lent to them. But one of the effects has been to ...

ISAs: Interest rates slashed, so where can you find the best deals? Here’s our favourite six

ISAs: Interest rates slashed, so where can you find the best deals? Here’s our favourite sixThe improvements made in the Budget were supposed to reinvigorate Cash ISAs, but leading banks and building societies seem to be doing their best to undermine the changes. Cast your mind back to March. Inflation was falling, making it easier to make a ‘real return’ on your savings and the ISA rules were changed, allowing savers to shelter up to £15,000 each year from the taxman. There was even talk of interest rates rises! Fast forward to August. The Bank ...