Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Buying a house in the UK is not “that difficult”, according to banker Sir Howard Davies, who is paid £763.000 a year by NatWest. His remarks in a BBC interview have caused outrage, especially among the ‘generation rent’ who are struggling to save for a deposit while rental prices reach record highs and the cost of living crises continues. This week, the average two-year fixed rate is 5.83%, while a five-year deal was 5.43%, according to Moneyfacts. He Halifax Mortgages say mortgage rates are easing and buyers' confidence could increase in the coming months. They added that house prices rose for the third month in a row to average £287,105 in December, but it forecast a fall this year with buyers perhaps becoming more cautious due to economic uncertainty. Their data shows annual rise of 1.7% in 2003 and 1.1% month-on-month rise in December. Halifax is the UK's biggest mortgage lender, but its own lending figures only take into account buyers with mortgages - about two-thirds of all sales - and do not i