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Last Updated: Friday, 1 September 2006, 15:36 GMT 16:36 UK
Savings and mortgage rates
Coins
BBC Radio 4's Money Box Saturday 2 September 1204 BST Sunday 3 September 2102 BST On Radio 4 and online

During Money Box's summer break the Bank of England raised the base interest rate by 0.25% to 4.75%, a move potentially affecting millions of savers and borrowers.

Although some savers are enjoying better rates, many banks and building societies are taking their time to move them up or raising them by less than 0.25%.

People who are not on a fixed rate mortgage deal will mostly find their monthly payments will increase by 0.25%, although in some cases it will be more.

Chris A'Court reported for BBC Radio 4's Money Box on Saturday at 1204 BST.

Further information:


Interest-only mortgages

Two people look at a home
An interest-only mortgage is the only affordable option for many
More and more people are finding the only way they can afford to buy a home is by taking out a loan that will never pay off the cost of the property.

Are interest-only mortgages a welcome development or a potential financial time-bomb?

Money Box discussed the issues with money adviser Nick Lord and David Hollingworth from mortgage broker L&C.

Further information:


Home inspectors

A woman looking at papers in an estate agent
Home condition reports will be voluntary for the foreseeable future
The government recently announced that home condition reports will not be compulsory when Home Information Packs (HIPs) are launched next June.

The reversal in policy has left many people who were training to become home inspectors not knowing what the future holds and potentially out-of-pocket.

Bob Howard reported.

Further information:


Motor insurance

A traffic jam
Drivers are facing the prospect of higher insurance premiums
Motor insurance costs look set to rise after Norwich Union, the UK's second largest motor insurer, raised its rates by an average of 16%.

Some younger motorists will pay up to 40% more, and even low risk customers will pay 6% more, double the rate of inflation.

We ask Norwich Union head of underwriting Julian Beardsworth why premiums are rising so steeply and money saving expert Martin Lewis has tips on how you can keep costs down.

* Screen scraper is the name given to a computer programme which automatically visits websites and extracts information from them which would normally be displayed on a screen for a human to read.

Further information:


Other news: Lambeth Portman merger approved

Sixty thousand Lambeth savers and 10,000 Lambeth borrowers are in line for a windfall after its merger with the Portman was finally approved.

Qualifying savers will get between £400 and £2,500, borrowers will get a flat payment of £400. Cheques will be go out in mid-October.


Presenter: Paul Lewis
Producer : Chris A'Court
Reporter: Bob Howard



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