A cheap mortgage bonanza could revive a sluggish housing market and save families thousands of pounds, according to the Daily Express.Full story >>
VOCABULARY
A mortgage (pronounced 'mor-gidge') is a loan of money which you get from a bank or building society in order to buy a house. • In 2007 when the Bank of England base rate was 5.5%, Nationwide and Halifax both launched 25-year mortgages at a rate of 6.39%.
