Money blog: Santander launches cheapest mortgage on entire market

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Santander has today launched the cheapest mortgage on the UK market. Moneyfacts confirmed to Sky News that the 3.68% five-year deal cannot currently be beaten. Read this plus all today's consumer and personal finance news and tips below.

Following our explainer on ways you can prepare your family finances for inheritance tax rises, we received at least a dozen questions from readers asking if their estates will be subject to the tax.For example...I am a widow aged 80 and have a detached property valued at approximately £400,000. My son will inherit my house.

However, if you fully or partially own your home, your tax-free threshold can increase to £500,000 if you leave it to your children or grandchildren, or your estate as a whole is worth less than £2m.So, Shaz - your son may not have to pay.There's normally no tax to pay if you hand over the home before you die, and live for another seven years or more.

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