Personal Finance News

Five misconceptions about Wills

06 Nov 2019 Research by mutual insurer, Royal London, found nearly three in five (57%) of UK adults do not have a Will in place. November is Will Aid Month and Royal London tested the public’s knowledge of Wills – this revealed five misconceptions. 1. – My children will be cared for by my immediate family if I […]

A fifth of borrowers overpay on their mortgage

04 Nov 2019 Homeowners could be mortgage free sooner than they initially planned thanks to flexible mortgages that allow borrowers to overpay each month.  Data from Yorkshire Building Society shows a fifth (23%) of borrowers are in credit on their mortgage after making overpayments on their account. For some, overpayments can be a way to […]

11.5 million Brits victims of online shopping fraud

30 Oct 2019 More than one in five (22%) people have fallen victim to fraudsters when shopping online, according to new findings from secure payments provider Shieldpay. This equates to some 11.5 million Brits who have, at some point in their lives, been defrauded when purchasing an item online. The cost to people’s pocket is significant: […]

Pocket money survey says kids earn record £4.38 a week

29 Oct 2019 The nations’ parents may be worried about the future of the economy, but that’s not stopping them handing out increasing amounts of pocket money to their kids. National consumer confidence in the UK economy has been hit hard by Brexit uncertainty (currently at -9% quarter on quarter), but latest figures from RoosterMoney, […]

ABI calls for Chancellor to cut the rate of Insurance Premium Tax

23 Oct 2019 The Association of British Insurers (ABI) is urging the Government in its forthcoming Budget due on 6 November to cut the rate of Insurance Premium Tax (IPT) to ease the squeeze on families and businesses who do the right thing by taking out insurance. The standard rate of IPT has doubled since […]

Three quarters of UK tenants are happy renting

22 Oct 2019 Three quarters (75%) of UK tenants are happy to rent, and a third of those (33%) are happy to rent forever, according to new research from buy-to-let focused marketplace lender, Landbay. The study questions 2,000 private renters in the UK, offering insight to landlords on the wants and needs of their tenants. Men […]