Retirement: Cameron vows to protect the State Pension triple lock

OLYMPUS DIGITAL CAMERADavid Cameron has vowed to protect the value of the State Pension if he returns to power after the general election in May 2015. The so-called ‘triple lock’, introduced by the coalition government, guarantees that the State Pension will rise each year in line with earnings, inflation, measured by the Consumer Prices Index (CPI) or 2.5%, whichever is higher. Speaking on Sunday Mr Cameron has promised to keep the ‘triple lock’ in place until at least 2020 if he is ...

Mortgages: Help to Buy not available for second homes

Four in a row IIThe government has confirmed that its flagship scheme to boost the housing market, Help to Buy, will not be available to people buying a second home or foreign buyers. Help to Buy was announced by the Chancellor, George Osborne, in his Budget speech earlier this year. Launched in two parts, the scheme is designed to help people either buy their first property or move home. However, it has been dogged by controversy, with critics rounding on the scheme ...

Housing & mortgage round up: Interest rates, planning rules, house prices & mortgage fees

Housing & mortgage round upA huge week for housing news saw the government unveil its latest initiative to get the housing market moving, a new report shows that mortgage fees are soaring, the Bank of England announced their latest interest rate decision and of course no week would be complete without a house price survey. Read on for all the details. Interest rates unchanged The latest Bank of England decision on interest rates went almost unreported this week, overshadowed by the Paralympics and the ...