Author Archive: Andrew Hagger

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Consumers Thrown into Hit-or-Miss Credit Card Lottery

01 Aug 2019 Recent figures from a survey by Moneycomms show that consumers are often being tripped up at the final hurdle of their credit card application. Customers could end up with a 0% balance transfer or purchase offer reduced by up to a year, or get an APR (annual percentage rate) nearly 10% higher than advertised. […]

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A third of millennials are ‘banking on inheritance’ in order to retire

30 July 2019 A third of millennials are counting on an inheritance windfall to fund their own retirement, according the new research from specialist lender Hodge. Nearly half of those surveyed said  they felt unprepared for retirement, citing higher cost of living (67%) and lack of job security (42%), with a quarter saying they were […]

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Credit card cash advance fees: Majority of customers caught out by unknown high charges

26 July 2019 Research by credit experts TotallyMoney reveals that credit card owners are often caught out by high fees because of not knowing what classifies as a cash advance. The annual Financial Awareness Survey 2019, carried out by OnePoll and commissioned by TotallyMoney asked a nationally representative sample of 2,000 UK adults about cash advance fees. […]

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Brits put holidays on hold

26 July 2019 It may be summer holiday season, but the majority of British households (57%) are looking to tighten the purse strings this summer in order to lower the cost of running a home.  At a time when it has been reported that, 10 years after the recession, the majority of Brits are still […]

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Key Steps to achieving Financial Independence for People with Disabilities

26 July 2019 Whilst we may be living in an increasingly inclusive society in the UK, when it comes to physical and mental disabilities, those who suffer with these issues can still sometimes struggle to achieve financial independence. This is also borne out by the numbers, which reveal that disabled people’s finances are continually being […]

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Over 5million grandparents will come to the rescue with free childcare this summer

24 July 2019 Two in five (42%) grandparents will be relied upon to provide childcare during the upcoming school holidays, according to new research by Lloyds Bank. Part of the ‘How Britain Lives’ study, the UK-wide analysis conducted in partnership with YouGov found that 61% of working parents regularly rely on childcare support from nurseries, childminders […]

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First-time buyers’ demand for larger houses doubles since 2007

22 July 2019 First-time buyers are increasingly setting their sights on larger, detached homes while starter-homes of the past are being overlooked, according to findings from Yorkshire Building Society. An analysis of the lender’s first-time buyer mortgages since the financial crash reveals the number of home loans for detached homes has doubled, while those for terraced […]

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Five Reasons Why Investing Can be a Smart Strategy

19 July 2019 Deciding whether to save or invest your money can be difficult. Saving may be safer, but with interest rates at rock bottom it’s not going to earn you much in the way of a decent return on your capital. The impact of inflation could all but wipe out any interest returns hence […]

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Expats urged to do their financial homework before committing to move abroad

18 July 2019 Immigration is a hot topic in the UK right now, however it’s easy to forget how many British expats reside in the EU. According to data from the United Nations, there were just over 4.5 million Brits living abroad in 2017, with 1.3 million residing in EU member states. Whilst this number […]

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Smart Private Landlords Pay Less Tax on their Rental Income

17 July 2019 Renting out property can be lucrative source of income. It yields many opportunities to landlords, but like with all potentially profitable ventures, it also comes with its fair share of downsides too; namely paying tax on rental income. Paying tax is a positive thing when you look at the bigger picture. It […]

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