What the papers say – 5th and 6th January 2013

This weekend’s financial press looked to the year ahead, with the Independent on Sunday and Financial Times providing tips on getting to grips with household finances. With some of the lowest ever interest rates launched at the end of last year, borrowers are urged to review their mortgage, or consider overpaying if remortgaging is not possible due to loan-to-value restrictions. Banks and building societies intend to boost lending further over the coming months, according to the Sunday Times, but will also tighten up on credit scoring criteria. Elsewhere the Sunday Mirror looked at ways of getting on to the property ladder. The biggest barrier for First Time Buyers remains the deposit, but schemes including the Lloyds Lend a Hand, or the Aldermore Mortgages Family Guarantee can provide a solution if family members are willing to help. For other, lenders including HSBC and the Co-Operative Bank have recently cut rates on their higher Loan-to-Value deals.

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