The Co-Operative Bank has just cut the mortgage rate on their 10% deposit mortgage from 4.84% to 3.99%, which means that many first time buyers will have an excellent boost to help them onto the property ladder with significantly lower monthly payments, guaranteed up until December 2014. The move has been attributed to the government’s…

There has been plenty of news about interest only mortgages in the press lately, with numerous banks closing them to new applicants or worrying that they will be fined or forced to pay compensation after misleading consumers into opting for interest-only repayments. Now, stories are beginning to emerge of those who are worst hit by…