Nationwide, Britain's biggest building society, will cut its fixed-rate mortgage deals on Wednesday by up to one percentage point, reflecting a fall in the cost of wholesale mortgage funding.
A three-year, fixed-rate deal for borrowers with a 25% deposit will fall from 5.88% to 4.88%, a saving of £125 a month on a £150,000 interest-only mortgage. However, the best deals continue to be reserved for borrowers with at least a 40% deposit or equity stake, worth around £61,200 on the average home.
The Times
Local authority housing strategies for the elderly and addressing older people’s housing in the National Planning Policy Framework (NPPF) will be among the key proposals of the Older People’s Housing Taskforce (OPHT), the body’s chair Julienne Meyer revealed at a conference today.
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