23 September 2008 Archive

Equity release: Really the last resort?

Equity release criticism rebuffed

Last week Which? warned homeowners heading to retirement to treat equity release as a "last resort", but providers of lifetime mortgages are now hitting back.

First-time buyers: We need £19K to buy

First-time buyers reckon they need £19K

Average first-time buyers reckon they need £19,100 to climb onto the property ladder.

Mortgage approvals hit new low

Mortgage approvals fall to record low

Mortgage approvals fell by 64 per cent in August, according to the British Bankers' Association (BBA).

Bank of England sees deflation risk

Bank of England recognises risk of deflation from financial crisis

The risk of deflation is "worrying" Bank of England deputy governor John Gieve said in a speech.

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