Callum Mason

1 week ago | inews.co.uk | Callum Mason

Inflation fell to 2.6 per cent in the year to March, according to figures released by the Office for National Statistics (ONS) on Wednesday. The Consumer Prices Index (CPI) measure of inflation is still well above the Bank of England’s 2 per cent target, though lower than the 2.8 per cent figure for the year to February. Closely watched services inflation slowed from 5 per cent to 4.7 per cent. It marks the lowest reading since December.

1 week ago | inews.co.uk | Callum Mason

The number of mortgages available to borrowers with just a 5 per cent deposit has risen to its highest level since the financial crisis – but how good an option are they to aspiring homeowners? There are now 442 mortgages at the 95 per cent loan-to-value (LTV) tier – which and a further 845 for those with a 10 per cent deposit or equity in their home, according to Moneyfacts. This is the highest number of either type of deal since March 2008.

1 week ago | inews.co.uk | Callum Mason

Inflation is set to fall closer to the Bank of England’s 2 per cent target, when the latest figures are released this week. The consumer prices index (CPI), a measure of inflation, fell to 2.8 per cent in the year to February. According to economists, March’s reading, which is released on Wednesday, 16 April, is likely to be 2.7 per cent. But when the figure is next updated in May – reflecting figures in the year to April – the headline measure of inflation is set to rocket upwards to 3.6 per cent.

2 weeks ago | inews.co.uk | Callum Mason

Janine McDonald saved more than £3,000 over eight years by challenging her incorrect council tax band – after realising she was being charged the same amount as neighbours who lived in much bigger homes. Ms McDonald, who is 54, was paying more than £2,000 a year for her council tax when she first moved in to her new build property in Salford in 2007, with the house being placed in the third-highest band – band F.

2 weeks ago | inews.co.uk | Callum Mason

The case for a bumper cut to UK interest rates next month, which would ultimately lead to cheaper mortgages, has “grown significantly”, economists have told The i Paper. Financial traders have been expecting more interest rate cuts this year ever since Donald Trump unveiled plans to impose reciprocal tariffs on imports into the US, posing a threat to economies across the world.