April 2012

Fixed rate mortgages tumble to a two-year low

The average rate of a five-year fixed mortgage has decreased over the past year, from 5.59% to 4.86%. The last time they were this low was April 2010. The falls will trigger interest from home owners because many lenders will increase their Standard Variable Rates from May 1.

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Floating Olympic Motorway on Thames

In an effort to showcase their CGI skills and their rich imaginations the architects Dowling Jones & Stone released plans for a floating motorway on the Thames supposed to prevent total traffic gridlock in London during the Olympics.

Tongues firmly in cheek they reported that it would be for exclusive use by Olympic “fat cats.” Plans include an extravagant interchange at Tower Bridge.

Thanks to Gordon Ryan at appliedsense.ie for pointing it out to us.

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