More green shoots in the housing market

Data from moneysupermarket.com has revealed that:

"Activity in the mortgage market is steadily increasing across a variety of borrower profiles, meaning the spring homebuying season has kicked off strongly and looks set to continue..."

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Call to clean up cash ISA market

Consumer Focus is today submitting a super-complaint to the OFT about the £158 billion cash ISA market:

"The consumer champion estimates that 15 million cash ISA holders could be losing out in interest worth up to £3 billion a year because of the way the market operates..."

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Banks still cashing in on low base rate

Moneysupermarket.com says:

"One year ago this month the Bank of England ended six months of dramatic rate cuts to try and stave off the effects of the recession, leaving Bank of England Base Rate at a record low of 0.5 per cent..."

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4 in 10 savers set to turn their back on ISAs this year

Moneysupermarket.com polled over 1,200 users and the results revealed that 37% of respondents were planning not to use their ISA allowance for this year:

"With a flat, low Base Rate over the past 12 months, it has been tough for savers and the outlook for 2010 is not much better, especially with a rise in inflation, which erodes the real returns on your savings..."

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