Savings: FSCS calms fears in the UK after Cyprus bailout

FSCS calms fears in the UK after Cyprus bailoutA levy to be forced on savers in Cyprus, as part of the EU bailout of the country, has caused alarm amongst savers throughout Europe. However, in the UK at least, moves have been made to reassure savers that their savings accounts will not be raided in the same way. Savings levy The EU has agreed to a 10 billion Euro bailout of the Cypriot economy, but as part of the measures all bank ...

Housing & mortgage round up: Last round up and house price survey of 2012

Housing & mortgage round upOur last housing and mortgage round up of 2012 wouldn’t be complete without a house price survey and we’ve not let you down. In other news, another mortgage lender has stopped offering interest-only mortgages, there are fears that average rents will rise quickly in 2013 and first time buyers appear nervous about what the New Year might hold for them. Small annual rise in house prices The latest figures from the Office for National Statistics (ONS) show that house prices increased by just 0.2% in October. The ONS also revealed ...

Housing & mortgage round up: House prices rise as do mortgage approvals

Housing & mortgage round upTwo house price surveys out this week, both showing a rise in house prices, whilst the number of mortgage approvals has risen and mortgage affordability is improving. All good news? Well, not quite. The housing market is still volatile, with any monthly rises being cancelled out by falls, to create a stagnant picture and mortgage finance is becoming even harder to obtain for people without large deposits. Nationwide: Surprise rise in house price...

Retirement: Why Greece could prove another slippery slope for your pensions

For many of us the Bank Holiday weekend was a chance to relax, take things easy and consider how best to amuse ourselves in this great British weather of ours. But for voters in Greece and France it was an opportunity to elect a change of government, one which for people in the UK planning on retiring soon, could have significant implications. So how do the decisions of Greek and French voters, to elect anti austerity parties, affect your pension if your are planning to retire soon we hear you ask. Volatile stock market...