What made financial headlines over the weekend?
Lifetime mortgage rates have fallen significantly over the past five years and present an opportunity for existing customers to switch to lower interest rates, research finds.
The average interest rate for a 90% LTV two-year fixed rate deal has dropped to its lowest level since January 2008, at 5.39%, according to Moneyfacts.
Premier Retirement Solutions (PRS) has launched an annuity comparison service in a bid to help retirees make the most of the open market option (OMO).
The proportion of mortgage deals needing more than a 25% deposit has fallen to a two-year low.
Moneyfacts has revealed that state-funded banks charged higher than average rates on their products over the last year, despite the Bank of England base rate remaining at 0.5%.
State funded banks are becoming less willing to actively compete with privately owned rivals, according to Moneyfacts.
Brokers are finally getting back to a level playing field in the mortgage market for the first time in two years, according to Moneyfacts.