{"componentChunkName":"component---src-templates-post-js","path":"/95-mortgages-coming-back/","result":{"data":{"ghostPost":{"id":"Ghost__Post__603cb5ec8a321600396a9f7e","title":"95% mortgages coming back?","slug":"95-mortgages-coming-back","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/minute-393.png","excerpt":"Plus: extra £1.65bn for jabs rollout, online shopping sets new record, 66% gender pay gap for finance directors.","custom_excerpt":"Plus: extra £1.65bn for jabs rollout, online shopping sets new record, 66% gender pay gap for finance directors.","created_at_pretty":"01 March, 2021","published_at_pretty":"01 March, 2021","updated_at_pretty":"01 March, 2021","created_at":"2021-03-01T09:37:48.000+00:00","published_at":"2021-03-01T09:46:18.000+00:00","updated_at":"2021-03-01T09:46:18.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nMortgage guarantee\nA new scheme to help people buy a home with a 5% deposit\n[https://www.bbc.co.uk/news/uk-56218952] is set to be announced in Rishi Sunak’s\nbudget on Wednesday. Under this scheme, the government will incentivise lenders\nto offer more 95% mortgage deals. Low-deposit mortgages have all but disappeared\nin the past year - there were just 5 on the market at the start of February. The\ngovernment is hoping to bring them back.\n\n£1.65 billion for jabs\nRishi will also announce £1.65 billion of extra cash to boost the vaccine\nrollout\n[https://www.reuters.com/article/uk-health-coronavirus-britain-vaccine-su/uk-earmarks-a-further-2-3-billion-for-its-covid-vaccine-push-idUSKCN2AS0R4]\n. The government wants to make sure it hits its target of offering a first dose\nto every adult before the end of July. 1 in 3 have had the first jab so far -\nthe chancellor wants this to continue so that he can crack on with reopening the\neconomy as soon as possible.\n\nOnline shopping sets new record\nSupermarkets set a new record for online grocery sales in January, doing 16% of\nbusiness online\n[https://www.cityam.com/online-share-of-grocery-sales-hits-record-level-during-third-lockdown/]\n. Supermarkets have been the only winners from lockdown restrictions, with the\nstay-at-home order pushing people’s grocery bills up. Shoppers spent £1bn more\nat supermarkets in total, compared with January 2020.\n\nFinance pay gap\nFemale directors in top financial services firms are paid 66% less\n[https://www.theguardian.com/business/2021/mar/01/women-still-earning-two-thirds-less-than-men-top-finance-roles] \nthan their male counterparts. Women are more likely to occupy non-executive\ndirector roles, which are less hands-on than executive positions. The research\nby law firm Fox & Partners suggests firms have been slow to recruit women to top\nboardroom roles.","html":"

The 1-minute read to get the money news you need with expert adviser commentary.

Mortgage guarantee

A new scheme to help people buy a home with a 5% deposit is set to be announced in Rishi Sunak’s budget on Wednesday. Under this scheme, the government will incentivise lenders to offer more 95% mortgage deals. Low-deposit mortgages have all but disappeared in the past year - there were just 5 on the market at the start of February. The government is hoping to bring them back.

£1.65 billion for jabs

Rishi will also announce £1.65 billion of extra cash to boost the vaccine rollout. The government wants to make sure it hits its target of offering a first dose to every adult before the end of July. 1 in 3 have had the first jab so far - the chancellor wants this to continue so that he can crack on with reopening the economy as soon as possible.

Online shopping sets new record

Supermarkets set a new record for online grocery sales in January, doing 16% of business online. Supermarkets have been the only winners from lockdown restrictions, with the stay-at-home order pushing people’s grocery bills up. Shoppers spent £1bn more at supermarkets in total, compared with January 2020.

Finance pay gap

Female directors in top financial services firms are paid 66% less than their male counterparts. Women are more likely to occupy non-executive director roles, which are less hands-on than executive positions. The research by law firm Fox & Partners suggests firms have been slow to recruit women to top boardroom roles.

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