HSBC has launched a 40-year mortgage for the first time aimed at people who are struggling to afford payments over more traditional periods due to significant interest rate hikes over the last 18 months.
There are fresh fears that Wilko could start redundancies again tomorrow - but the firm is actively looking at a bid, a union has said.
The number of mortgages being approved month-on-month dropped by 10% in July, Bank Of England figures show. "Swap rates, which underpin the pricing of fixed-rate mortgages and have been exceptionally volatile in the past couple of months, have settled down since the encouraging dip in inflation. And of course, falling food inflation doesn't mean prices are dropping - they're just rising less quickly than before.Inflation for ambient foods - items stored at room temperature - fell from 12.3% in July to 11.3% in August.The ULEZ expansion came into force on Tuesday - meaning every London borough is now covered by the controversial scheme.
"I am happy for them to do it because they are facing an imposition that no-one wants, and they have been lied to about it. Some small lenders already offer marathon deals like this - as the number of people looking for mortgages of 25 years or more has doubled in the last five years. Andrew Matson, head of mortgages at HSBC UK said:"We know that home ownership is a key life ambition for many people, but affordability can be an issue.
They found that if you were to borrow £250,000 with a 25% deposit, here's what you'd pay in interest over 40 years compared with 25 years...While the energy price cap continues to fall, it is still significantly higher than it was a couple of years ago, meaning some people could still be struggling to keep up with payments. have some tips to help people if they find themselves stuck when trying to cover energy bills.
A survey by LucidTalk for Save The Children found around 30% of parents were taking out loans to buy uniforms and PE kits, with some admitting they had to cut back on food to buy the clothing. She called on school leaders and the Department of Education to act, saying:"The poll has shown there is an overwhelming need and appetite from both parents and the public for action to be taken.
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Protesters make final attempts to stop Ulez with caravan outside Khan's houseIt follows a large protest against the scheme in Tooting on Saturday.
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