The main focus of this weekend’s financial press was the recent FSA report detailing its plans to stabilise the UK banking sector, and in particular the impact this will have on borrowers. The Financial Times, Telegraph and The Times all discussed the plans to cap income multiples and the problems this will cause for First Time Buyers as well as those looking to remortgage. The Sunday Times continued this theme by suggesting that consumers will bear the cost of these proposals through higher interest rates.
Elsewhere the Sunday Express examined the factors to be considered when deciding whether to buy or rent in the current economic climate, whilst the Independent on Sunday looked at the growing popularity of house swapping websites, as homeowners search for new ways to sell their properties.
Beating the recession and making the most of historically low interest rates were also popular topics, with the Sunday Telegraph providing tips on being prepared for all eventualities both at home and at work, and the Financial Times reporting on the return of the longer term fixed rate.