Homeowners stung as mortgages rates hit four-year high despite Bank of England base rate remaining at historic low By Becky Barrow PUBLISHED: 00:13 GMT, 19 January 2013 | UPDATED: 09:53 GMT, 19 January 2013 Mortgage worries: Homeowners are having to face rising costs Homeowners are being stung by the highest variable mortgage rates for nearly four years despite the Bank of England keeping the base rate at an historic low. Official figures show the average standard variable rate mortgage deal, known as the SVR, from a bank or building society charges an interest rate of 4.35 per cent.
Return of the first-time buyer: Numbers reach five-year high as 216,000 take their first step on property ladder this yearNumber of first-time buyers increase by 12 per cent First-time buyers are getting older and put down bigger deposits than before | UPDATED: 00:01 GMT, 29 December 2012 First-time home buyer numbers reached a five-year high in 2012, helped by improvements in affordability, a study has found. However, the average age of a first-time buyer has increased to 30, from 29 a year ago, and the typical deposit required is 20 per cent, compared with the deposit of around 10 per cent put down in 2007, Halifax found. Around 216,000 people took their first step on the property ladder in 2012, showing a 12 per cent year-on-year increase and making up two fifths of all house purchase loans.
More misery for renters frozen off the housing ladder as average monthly payments are expected to jump by another 4% Rents expected to rise twice as fast as house prices in 2013Cost of the average home will rise by a modest two per cent | UPDATED: 09:12 GMT, 14 December 2012 Rents will rise twice as fast as house prices in 2013 as Britain’s embattled housing market endures another tough year, the Royal Institution of Chartered Surveyors will say today.
Robber dubbed ‘Murder Mike’ who accidentally shot dead his accomplice as they tried to steal fake Rolexes jailed for 30 years | UPDATED: 20:46 GMT, 26 November 2012 Daniel Tesfay, 27, blasted Jonathan Barnes, 20, pictured, in the head as they attempted to escape with timepieces they believed were worth 8,000 A bungling robber dubbed ‘Murder Mike’ was jailed for 30 years today for accidentally shooting his accomplice as they tried to steal a cache of fake Rolex watches.