Housing & mortgage round up: Slow week for housing news

After last week’s bumper round up, including the house price figures from the Halifax and Nationwide, this week has been relatively quiet for housing news. We have however managed to find a few interesting stories for those of you who need your weekly fix of housing and mortgage news. Mortgage lenders cut interest rates again As the effects of the government’s Funding for Lending Scheme (FLS) kicks, 10 mortgage lenders have reduced the interest rates on many of their deals. Amongst the lenders dropping their rates ING Direct has cut their two and five year fixed rates, whilst Nationwide are cutting their two ...

Wills: 1 in 5 could be faulty and lead to higher Inheritance Tax bills

A new report from the Legal Services Board shows that 20% of all wills could be faulty. The survey of 100 people who needed a will found that 20 contained basic errors and a small percentage were so badly written that they “could not be executed”. The Legal Services Board said: “We found consistent patterns of sloppiness, simple errors and poor communication. This often resulted in an unacceptable service for customers. Too often consumers were subjected to unfair sales practices.” The report also called for the will-writing industry to be more heavily regulated to reduce the number of mistakes in the future....