Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs

A growing number of people are taking out a little-known type of mortgage that allows them to buy a property without having to put down a deposit.

Several lenders offer “concessionary purchase” mortgages, meaning that a tenant can buy the property they are living in from their landlord at a marked-down price.

Savings experts say this is a ‘window of opportunity’ to lock into a savings account at a decent rate

UK savers are being urged to lock into an inflation-beating savings account before interest rates start their downward journey.

A number of fixed-rate savings bonds currently pay 5%-plus – on these accounts your return is guaranteed and you will be earning more than twice the current rate of inflation.

HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22

• Business live – latest updates

The number of people dragged into paying income tax in the UK has leapt by an estimated 4.4 million in three years because of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate on tax.

The figures show that a continuing freeze on income tax thresholds, seen as a stealth tax by some, has pulled an extra 1.77 million pensioners into the income tax bracket.