mortgages

The Bank of England (BoE) has announced it will not raise the base rate of interest from 0.5% until unemployment falls to 7% or below.

JP Morgan multi-asset income fund manager Olivia Mayell gives a run-down of the seven investment and economic themes she sees emerging - from interest rates to global equities.

David Johnson, the man credited with creating the specialist mortgage lending market in the UK and an industry veteran of 40 years, has died aged 67.

FIVE THINGS

Lenders have drawn down £16.5bn from the Funding for Lending Scheme since it opened on 1 August 2012 but net lending has fallen since the launch of the flagship scheme.

There is a considerable lack of awareness among homeowners for the need for a will, leaving many vulnerable to serious financial difficulties, says a new report.

The Bank of Ireland (BoI) has reversed controversial increases of mortgage rates for some of the 13,500 affected borrowers following pressure from consumers and lawyers.

The over-55s are most at risk from the interest-only mortgage time-bomb, according to equity release specialists.

A group of Harlequin Property investors is seeking to agree a process with the company to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage.

The Financial Conduct Authority (FCA) has reached an agreement with Santander UK that will see the bank contact over 270,000 mortgage customers about unclear information it gave before increasing the cap on its standard variable rate (SVR) in 2008.